Malaysia's Daya Maxflo Clinches 3 Year Contract from Schlumberger in the ME



Daya Materials Berhad, a Malaysian oil and gas services company, reported Monday that its subsidiary Daya Maxflo Sdn Bhd (DMAX) has clinched a 3 year contract from Schlumberger in the Middle East.

Under the contract, DMAX -- which focuses on well intervention, pipe recovery, sand management and production enhancement services -- will provide specialized well services in Saudi Arabia from the third quarter of this year.

Daya Materials did not reveal the value of Schlumberger's contract with DMAX in the filing with local stock exchange Bursa Malaysia.



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