UMW wins Myanmar contract

Kuala Lumpur: UMW Oil & Gas’s subsidiary UMW Offshore Drilling has been awarded a contract by PTTEP International for the provision of drilling rig services.

The contract, with an estimated value of $51.3m, will be based in the Gulf of Mottama in Myanmar, where UMW will assign its newest rig, UMW NAGA 5.

The contract is for five firm wells.

UMW NAGA 5 is currently in the Philippines, serving a drilling contract with NIDO Petroleum Philippines for drilling operations offshore Philippines, which is expected to be completed by July 2014.  [10/09/14]    

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