Uzma unit bags EnQuest job worth RM30mil


KUALA LUMPUR: Uzma Bhd’s wholly-owned subsidiary Uzma Engineering Sdn Bhd has been awarded a "call-off order” from EnQuest Petroleum Production Malaysia Ltd (EnQuest) for the provision of a hydraulic workover unit (HWU) worth RM30 million.

The provision of HWU services is expected to commence in March and be completed in October this year.

"The scope of work comprises integrated HWU services for EnQuest’s workover recompletion and well abandonment campaign at offshore Peninsular Malaysia,” it told the stock exchange. "The campaign will cover up to three platforms and up to twelve wells operated by EnQuest.”

Uzma said the job is expected to contribute positively towards its earnings and net assets per share for the financial year ending June 30, 2022. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Ringgit opens marginally higher as greenback demand eases
Singapore economy expands 3.7% in Q1 2022
Leong Hup faces near-term headwinds
Bursa bounces after sharp losses
Trading ideas: KLK, KLCCP Staple Group, TSH Resources, UWW Holdings, Farm Fresh, Boustead Heavy Industries, Menang, Perak, Sime Darby, Malakoff, Pekat Group and GDeX
Facing crisis, Sri Lanka to cut spending 'to the bone'
India could cut import tax on some edible oils to tame local prices
Africa objects, Malaysia has reservations, on US push to reform health rules at WHO
GLOBAL MARKETS-Stocks tumble on growth concerns, bond yields slip
Oil steadies after choppy trade, US says export ban not ruled out

Others Also Read