KUALA LUMPUR: Uzma Bhd
's subsidiary Uzma Energy Ventures (Sarawak) Sdn Bhd and EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) have mutually terminated the Tanjong Baram small field risk service contract (SFRSC) with Petronas following the economic cut-off as agreed in the terms of the contract.
Uzma said in a statement that Petronas will reimburse the balance of the reimbursable capital and operational expenditures to Uzma and Enquest over the coming nine months.
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