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NewsUMW subsidiary gets RM94.74m job from Carigali Iraq
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UMW subsidiary gets RM94.74m job from Carigali Iraq
by hlk Tue 20 Dec 2011, 20:40
KUALA LUMPUR (Dec 20): UMW HOLDINGS BHD []'s 60% owned subsidiary
Synergistic Generation Sdn Bhd (SGSB) has secured a contract worth
RM94.74 million (US$29.7 million) from Petronas Carigali Iraq Holding BV
(PCIHBV) to supply material and install the Garraf Power Plant phase 1
for the Garraf field located onshore Iraq.
UMW said on Tuesday
that PCIHBV was engaged in the development of the Garraf Contract Area,
Iraq under a development and production service contract between South
Oil Company, Petronas ''Carigali Sdn Bhd, Japan Petroleum Exploration Co
Ltd (JAPEX) and North Oil Company.
PCIHBV is the operator of
the Garraf Field, which is located in the province of Dhi Qar, about
250km southeast of Baghdad, it said.
UMW said the contract was
for a period of 55 months, effective Sept 8, ''2011, with an option by
PCIHBV to extend the contract for another 12 months.
It said the contract was expected to contribute to its earnings for the financial year ending Dec 31, 2012.
Synergistic Generation Sdn Bhd (SGSB) has secured a contract worth
RM94.74 million (US$29.7 million) from Petronas Carigali Iraq Holding BV
(PCIHBV) to supply material and install the Garraf Power Plant phase 1
for the Garraf field located onshore Iraq.
UMW said on Tuesday
that PCIHBV was engaged in the development of the Garraf Contract Area,
Iraq under a development and production service contract between South
Oil Company, Petronas ''Carigali Sdn Bhd, Japan Petroleum Exploration Co
Ltd (JAPEX) and North Oil Company.
PCIHBV is the operator of
the Garraf Field, which is located in the province of Dhi Qar, about
250km southeast of Baghdad, it said.
UMW said the contract was
for a period of 55 months, effective Sept 8, ''2011, with an option by
PCIHBV to extend the contract for another 12 months.
It said the contract was expected to contribute to its earnings for the financial year ending Dec 31, 2012.
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