KUALA LUMPUR, 26 June 2013 – UMW Petrodril (Malaysia) Sdn Bhd (“UMW”), a wholly-owned subsidiary of UMW Holdings Berhad has received a letter of award on last Monday, from PVD Trading and Technical Services Joint Stock Company (“PVD Tech”) a subsidiary of Petrovietnam Drilling & Well Services Corporation (“PV Drilling”) for the provision of a hydraulic workover unit and services. It involves the provision of one of UMW’s hydraulic workover unit, GAIT 3, and related services to PVD Tech in support of workover for the end client, Cuu Long Joint Operating Company.
President of UMW Oil & Gas Corporation Berhad, Rohaizad Darus said, “We are honoured to be entrusted by PVD Tech this time around to provide a hydraulic workover unit and related services in support of workover operations for the Su Tu Vang Workover Program. This is the second contract awarded to UMW by PV Drilling Group in a span of three (3) months this year and is expected to contribute positively to the revenue of UMW.”
UMW Holding Berhad’s jack-up drilling rig NAGA 2 is currently servicing PV Drilling on a contract valued at approximately USD31million awarded in March this year.
Background on UMW
The UMW Group is an international conglomerate that develops industries, manages partnerships and facilitates growth. It is involved in four core businesses – Automotive, Equipment, Manufacturing & Engineering, and Oil & Gas.
Adopting its rallying call – Beyond Boundaries®, UMW is set to play a leading role in shaping the future of its industries globally. The Group will do this by inspiring vibrant ideas, nurturing potential, pioneering partnerships and delivering excellence in everything it does; the rewards of which will contribute to the progress and well-being of its stakeholders.