Uzma secures RM17mil PETRONAS contract

KUALA LUMPUR: Uzma Bhd's unit Uzma Engineering Sdn Bhd has received a RM17mil contract from PETRONAS Carigali Sdn Bhd for the provision of a lightweight hydraulic workover unit (HWU).

It said in a filing with Bursa Malaysia the scope of work comprises the integrated HWU services for two wells for PETRONAS Carigali's well abandonment campaign at offshore East Malaysia.

The work is expected to commence in September 2022 and be completed in October 2022.

"It is expected to contribute towards the earnings and net assets per share of the company for the financial year ending 30 June 2023 until the expiry of the Contract," said Uzma.