KUALA LUMPUR: Uzma Bhd said a wholly owned unit was awarded an umbrella contract for the supply drilling fluids to petroleum arrangement contractors (PACs) after it was appointed as one of Petronas’ panel of contractors.
The tenure of the umbrella contract is five years, the company said in a filing with Bursa Malaysia today.
The letter of award was dated May 30.
“The execution of the umbrella contract is depending on work orders to be issued to Uzma Engineering Sdn Bhd from time to time at the discretion of PACs,” Uzma said.
As such, there is no firm value for the umbrella contact.