PETALING JAYA: Charter rates for drilling rigs are rising if the contract value for the provision of a semi-submersible rig by UMW Holdings Bhd
to Petronas Carigali Sdn Bhd is anything to go by.
On Monday, UMW said in an announcement to the stock exchange that Petronas Carigali has extended the contract for US$250mil for the Naga 1 rig for a period of five years starting from next year.
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