Daya Materials Berhad, a Malaysian oil and gas services firm, provided Tuesday more details of the contract that its subsidiary Daya Maxflo Sdn Bhd (DMAX) secured to provide specialized well services in Saudi Arabia from Schlumberger Middle East S.A.
The firm revealed that DMAX's contract with Schlumberger is valued at approximately $9.2 million (MYR 37 million), with the client holding an option to extend the deal by mutual agreement.
DMAX focuses on the provision of well intervention, pipe recovery, sand management and production enhancement services.
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