Repsol contracts UMW jackup in Malaysia

Malaysia’s UMW Oil & Gas Corporation has announced that that UMW Offshore Drilling has sealed a contract with Repsol Oil and Gas Malaysia for 2014-built jackup rig UMW Naga 5.

The contract is for one year and includes an additional one-year extension. Commencement is scheduled for mid-September 2017.

UMW said the value of the contract is around MYR113m ($26.4m), indicating a day rate of around $72,000.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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