Uzma Berhad announce that its wholly owned subsidiary has accepted a contract award from PTTEP Sarawak Oil Limited for the Provision of One Hydraulic Workover Unit and Associated Services for PTTEP Malaysia with regards to PTTEP's letter of award dated 4 July 2024 which was subsequently approved for announcement by PTTEP on the 5 August 2024.
The scope of works comprises of the provision of one (1) HWU equipment and services for PTTEP's workover campaign on two platforms at offshore East Malaysia.
The Contract is set to be become effective on 4 July 2024 and will remain valid until the completion of six firm wells unless extended or earlier terminated in accordance with the terms and conditions of the Contract.