KUALA LUMPUR (March 30) : Petroliam Nasional Bhd (Petronas) has extended its oil and gas support services contract with UMW HOLDINGS BHD [] by another two years in a deal valued at about US$105 million (RM321.8 million)
In a statement to the exchange on Friday, UMW said it will continue to offer its jack-up drilling rig known as “Naga 3” to Petronas Carigali Sdn Bhd which is the exploration arm of the national oil company from March 22 this year till March 21, 2014.
“The contract extension is expected to contribute positively to the earnings and net assets of UMW for the financial years from 2012 to 2014,” UMW said.
In a statement to the exchange on Friday, UMW said it will continue to offer its jack-up drilling rig known as “Naga 3” to Petronas Carigali Sdn Bhd which is the exploration arm of the national oil company from March 22 this year till March 21, 2014.
“The contract extension is expected to contribute positively to the earnings and net assets of UMW for the financial years from 2012 to 2014,” UMW said.
