Malaysia's Uzma Berhad disclosed Friday that it has on Jan. 16 obtained the approval from the country's national oil company Petroliam Nasional Berhad (Petronas) to announce a recent contract award to Uzma Engineering Sdn. Bhd (UESB) a wholly-owned subsidiary company.
Petronas Carigali Sdn Bhd (PCSB), the upstream subsidiary of Petronas, has awarded a $14.05 million (MYR 50 million) contract for the provision of Through Tubing Downhole Tools and Services to UESB.
The contract will runs for a duration of 2 years, commencing Jan. 1 to Dec. 31, 2016, with an extension option of one year from Jan. 1, 2017 to Dec. 31, 2017.
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