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NewsUMW Oil & Gas contract extended, valued at US$19m
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UMW Oil & Gas contract extended, valued at US$19m
by Cals Thu 12 Dec 2013, 19:04
Published: Thursday December 12, 2013 MYT 6:01:00 PM
Updated: Thursday December 12, 2013 MYT 6:02:36 PM
UMW Oil & Gas contract extended, valued at US$19m
KUALA LUMPUR: UMW Oil & Gas Corporation Bhd’s (UMW-OG) existing contract with Petrovietnam Drilling and Well Services Corporation to provide its jack-up drilling rig and rental services was extended for another four months.
It said on Thursday the extension for the four months was valued at US$19mil with an option for another five months. Operations are expected to start in June 2014.
UMW O-G said the contract involved the provision of one of UMW's jack-up drilling rigs, NAGA 2 and related drilling services to PV Drilling to drill wells for end client, Hoang Long Joint Operating Company.
NAGA 2 is an independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet which is operating in Vietnam waters.
Updated: Thursday December 12, 2013 MYT 6:02:36 PM
UMW Oil & Gas contract extended, valued at US$19m
KUALA LUMPUR: UMW Oil & Gas Corporation Bhd’s (UMW-OG) existing contract with Petrovietnam Drilling and Well Services Corporation to provide its jack-up drilling rig and rental services was extended for another four months.
It said on Thursday the extension for the four months was valued at US$19mil with an option for another five months. Operations are expected to start in June 2014.
UMW O-G said the contract involved the provision of one of UMW's jack-up drilling rigs, NAGA 2 and related drilling services to PV Drilling to drill wells for end client, Hoang Long Joint Operating Company.
NAGA 2 is an independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet which is operating in Vietnam waters.
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