Uzma wins idle well reactivation job from Petronas

Uzma group chief executive officer Kamarul Redzuan Muhamed (pic) said the new contract was unique, in the sense that there was an element of risk and reward distributed fairly between Uzma and the operator.

KUALA LUMPUR: Oil and gas (O&G) company Uzma Bhd has won a RM29mil contract from Petronas Carigali Sdn Bhd to deploy idle well reactivation and production enhancement services in offshore Sabah.

In a statement yesterday, Uzma said its wholly-owned subsidiary, Uzma Engineering Sdn Bhd, had received the work order award from Petronas Carigali.