KUALA LUMPUR: UMW Oil & Gas Corporation Bhd (UMWOG) has bought two jack-up drilling rigs for US$434mil (RM1.44bil) from China’s Tianjin Haiheng Shipbuilding & Offshore Engineering Service Co Ltd.
In a filing to Bursa Malaysia on Wednesday, UMWOG said the purchase was made via its unit UMW Drilling 6(L) Ltd for US$217mil each.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
