UMW Wins Award from Vietnam's PVD Tech

Malaysia's UMW Petrodril (Malaysia) Sdn Bhd, a wholly-owned subsidiary of UMW Holdings Berhad (UMW), received a letter of award from PVD Trading and Technical Services Joint Stock Company (PVD Tech) - for the provision of a hydraulic workover unit and services.

Under the award, UMW Petrodril will provide one of its hydraulic workover unit, GAIT 3, and related services to PVD Tech - a subsidiary of Petrovietnam Drilling & Well Services Corporation (PV Drilling) - in support of workover for the end client, Cuu Long Joint Operating Company.

“We are honored to be entrusted by PVD Tech this time around to provide a hydraulic workover unit and related services in support of workover operations for the Su Tu Vang Workover Program. This is the second contract awarded to UMW by PV Drilling Group in a span of 3 months this year and is expected to contribute positively to the revenue of UMW,” President of UMW Oil & Gas Corporation Berhad, Rohaizad Darus said in a press release.

UMW's Naga 2 (350' ILC) is currently servicing PV Drilling on a contract valued at approximately $31million awarded in March. The jackup is now drilling at the Te Giac Trang Trang (TGT) field in the Cuu Long Basin off the southern coast of Vietnam.

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