Uzma unit secures contract from EnQuest

KUALA LUMPUR: Uzma Bhd's wholly-owned subsidiary Uzma Engineering Sdn Bhd has accepted a contract from EnQuest Petroleum Production Malaysia Limited for the provision of a hydraulic workover unit (HWU) for Raya A.

In a statement, the group said the works comprise the provision of HWU equipment and services for EnQuest's workover campaign at offshore East Malaysia.

The contract is effect on Nov 12, 2024, and shall remains valid until the completion of the campaign unless terminated.

It is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2025, and onwards until the expiry of the contract.