Uzma bags RM180mil Petronas Carigali contract 


  • Energy
  • Tuesday, 23 Mar 2021

KUALA LUMPUR: Uzma Bhd has secured a three-year contract from Petronas Carigali Sdn Bhd worth RM180mil.

The company told Bursa Malaysia today that the contract is for the provision of non-rig assisted (NRA) electric wireline logging (EWL) equipment and services for West Malaysia and East Malaysia (optional scope) waters for downhole logging, perforation and well integrity evaluations.

The duration of the contract started from March 3, 2021 until March 2, 2024.

The contract, Uzama said, was expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2021 until the expiry of the contract.

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