Malaysia’s Uzma wins new contracts with two oil majors
- Business & Finance
Malaysian oil and gas services provider Uzma Berhad has been awarded new contracts by oil majors Petronas Carigali and Shell.
Uzma said in a Bursa Malaysia filing on Monday that its subsidiary, Uzma Engineering, had been awarded an umbrella contract from Petronas Carigali for the provision of well-testing and tubing conveyed perforations (TCP) for Petroleum Arrangement Contractors (PACs).
The value of the work order is approximately RM36 million ($8.6 million).
Uzma Engineering will perform the lightweight well-testing services for 2020/2021 in accordance with the work order dated August 26, 2019. The duration for the performance of work under this work order will be effective from January 15, 2020, and will expire on March 31, 2021, or until completion of the scope of works, whichever comes earlier.
Furthermore, Uzma Engineering has been awarded a contract by Shell for the provision of platform wells plug and abandonment campaign for Sarawak 2020.
Under the contract, Uzma will provide integrated plug and abandonment services for Sarawak Shell Berhad. The works will be done at two Shell-operated platforms involving five wells. The work is expected to start in April 2020 and be completed by November 2020.
The value of this contract is approximately RM100 million ($23.8M).
Offshore Energy Today Staff
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