SAAG Drilling Wins Contract Extension from ExxonMobil

SAAG Drilling and Well Services has been awarded a contract extension for the Telaga Usaha from ExxonMobil Exploration and Production Malaysia Inc. The contract has been extended for another year effective June 14, 2007.

The contract value for the extended term based on a full year operation will be approximately RM33million. This extension will have a positive contribution to the earnings of the group for the duration of the contract.

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