Home MMBIZ News UMW Bags $10m Myanmar Drilling Contract

UMW Bags $10m Myanmar Drilling Contract

Malaysia-based UMW Oil & Gas Corp Bhd’s unit, UMW Petrodrill (Malaysia) Sdn Bhd, has won a $10-million contract from PTTEP International Ltd Yangon Branch to provide hydraulic workover unit and related services for its M9 drilling campaign in Myanmar.

The contract is for 11 firm wells with options for additional wells, and operations are expected to start at Zawtika Field in Martaban Gulf by June.

“With this new market penetration, we hope for more opportunities to secure contracts in Myanmar, not only for workover services, but also for our drilling and oilfield services,” said president Rohaizad Darus.

“Our company will aggressively continue to pursue opportunities to expand our geographical coverage in the Asia-Pacific region as part of our growth plan and revenue diversification strategy,” he said.

PTTEP International is a subsidiary of PTT Exploration and Production Public Company Ltd, a subsidiary of the national oil company of Thailand.

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