KUALA LUMPUR: Uzma Bhd’s subsidiary Uzma Engineering Sdn Bhd has bagged a RM100 million contract from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd.
In an exchange filing today, Uzma said it had obtained the approval (contract) from Sabah Shell for the provision of platform wells plug and abandonment campaign for Sarawak 2020.
The company said the contract was expected to commence on April 2020 and completed by November 2020.
“The contract is expected to contribute positively to the earnings and enhance net assets per share of the Uzma Group for the financial year ending June 30, 2020 and onwards until the expiry of the award.”
In a separate filing, Uzma said it had secured a RM36 million umbrella contract from Petronas Carigali Sdn Bhd for the provision of well testing and tubing conveyed perforations for Petroleum Arrangement Contractors.
The contract is effective from January 15 this year and will expire on March 31, 2021 or until completion of the scope of works.