Uzma secures RM40mil contract from Sarawak Shell

KUALA LUMPUR: Uzma Bhd's 70%-owned subsidiary Malaysian Energy Chemical & Services Sdn Bhd has accepted a contract from Sarawak Shell Bhd for the provision of a kinetic hydrate inhibitor, corrosion inhibitor and associated services for the Shell Timi field.

In a filing with Bursa Malaysia, the group said the contract is valued at RM40mil over its five-year duration from Jan 20, 2023 to Jan 19, 2028.

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

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Uzma , Shell , contract


Next In Business News

US soybean exports erupt ahead of Brazil’s massive harvest
Silbert, Winklevoss twins end crypto squabble in bankrupt Genesis
Alberto sues family in fight over Safra stake
Australia central bank raises rates by 25 bps to 3.35%
JPMorgan strategist calls latest rally bear market trap
Macquarie eyes possible record annual profit on energy volatility
Shine back on solar power sector
South Africa hit by investment strike
Activision Blizzard bookings beat estimates
Vanguard set on bigger slice of Aussie pensions

Others Also Read