UMW Oil & Gas Corporation Berhad (UMWOG) reported Tuesday that UMW Petrodril (Malaysia) Sdn Bhd (UPD) a wholly owned unit of UMW Malaysian Ventures Sdn Bhd has won a contract to supply a Hydraulic Workover Unit (HWU) Rig to Petronas Carigali Sdn Bhd in Malaysia, the firm said in an announcement on Bursa Malaysia.
The contract, valued at $45.2 million (MYR 148 million), also includes the provision of an Accommodation Work Barge and a Portable Crane for an initial period of two years.
The contract with UPD, in which Petronas Carigali has the option of extending for a further year, is intended to support the Malaysian upstream company's Workover Programme.
UMW Malaysian Ventures is a wholly owned subsidiary of UMWOG.
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