April 3, 2012

UMW Oil & Gas received contract extension from Petronas Carigali

UMW's oil and gas (O&G) division has received a letter of amendment and extension from Petronas Carigali Sdn Bhd (PCSB) for a two year extension of the provision of Naga 3 jack-up drilling rig. The contract extension is effective from March this year to March 2014 and is valued at US$105 million (RM321 million). Its original contract of US$41.5 million for a contract period of one year (March 2011 to March 2012).

Naga 3 is a premium independent leg cantilever jack-up rig that has drilling capability of 9,000m and a rated operating water depth of 107m.

Naga 3 Jack-Up Drilling Rig

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