UMW Offshore wins offshore drilling services contract

UMW Oil & Gas Corp. Bhd (UMWOG) reports that UMW Offshore Drilling Sdn Bhd (formerly known as UMW Standard Drilling Sdn Bhd), a wholly owned subsidiary of UMW Malaysian Ventures Sdn Bhd, which, in turn, is a wholly owned subsidiary of UMWOG, has been awarded a contract by PTTEP International Ltd for the provision of drilling rig services for Block M3 Appraisal Drilling Campaign 2014 within the Gulf of Mottama, Myanmar.

Offshore staff

KUALA LUMPUR, MalaysiaUMW Oil & Gas Corp. Bhd (UMWOG) reports that UMW Offshore Drilling Sdn Bhd (formerly known as UMW Standard Drilling Sdn Bhd), a wholly owned subsidiary of UMW Malaysian Ventures Sdn Bhd, which, in turn, is a wholly owned subsidiary of UMWOG, has been awarded a contract by PTTEP International Ltd for the provision of drilling rig services for Block M3 Appraisal Drilling Campaign 2014 within the Gulf of Mottama, Myanmar.

The contract, worth $51.3 million, is for five firm wells and may be extended for one optional well thereafter.

The UMWOG Group will assign its newest rig, UMW NAGA 5, for this contract. UMW NAGA 5 is currently in the Philippines, serving a drilling contract with NIDO Petroleum Philippines Pty Ltd for drilling operations offshore Philippines, which should be completed in July.

07/10/2014

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