UMW Oil & Gas said in a stock market announcement that its UMW Workover (UWO) unit had won the contract for the provision of HWU to undertake workover services for Petronas Carigali under an umbrella contract. It calls for the use of all or any of UWO’s five HWU to undertake workover services for the Malaysian E&P player.
No financial details were provided as the contract is within an umbrella framework which provides an over-arching contractual relationship which may comprise a series of individual orders and call-outs, UMW Oil & Gas said.
Workover services include performing maintenance and/or remedial treatments on an oil or gas well.
The contract commenced from 22 December 2017 and at present there has not been any call-out or work orders for services, the company added. Orders for services under the contract are individually made through call-outs and at stipulated prices.
UWO is principally involved in the business of providing workover operations for the oil and gas industry.
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