Uzma bags PETRONAS Carigali contract

KUALA LUMPUR: Uzma Bhd has secured a contract from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of gas lift valve and insert strings equipment, accessories and services.

In a filing with Bursa Malaysia, Uzma said its wholly owned subsidiary, Uzma Engineering Sdn Bhd received the letter of award from PCSB.

The duration of the contract will be for three years effective March 14, 2023 until March 13, 2026.

Uzma expects the contract to contribute positively towards its earnings and net assets per share for the financial year ending June 30, 2023 (FY2023) and onwards until the expiry of the contract.