KUALA LUMPUR: Uzma Bhd
’s wholly owned subsidiary, Uzma Engineering Sdn Bhd (UESB) has been awarded two contracts from PETRONAS Carigali Sdn Bhd (PCSB) worth RM450mil.
In a filing with Bursa Malaysia, Uzma said the scope of works comprises the supply of a minimum one 340K rating hydraulic workover unit (HWU) rig, and a minimum of one 460K rating HWU rig, for PCSB’s workover and well plug & abandonment (P&A) operations at offshore Malaysia.
Additionally, for each HWU rig, the supporting accommodation work barge and portable crane was also part of the scope of work, it said.
Uzma said the duration of the contract would be three years with an extension option of one year, effective May 17, 2023 until May 16, 2026.
Uzma expects the contract to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2023 and onwards until the expiry of the contract.
