Uzma unit bags electric wireline cased-hole services contract from Petronas Carigali
KUALA LUMPUR: Uzma Bhd's wholly owned subsidiary, Uzma Engineering Sdn Bhd, has secured a contract from Petronas Carigali Sdn Bhd for the provision of electric wireline cased-hole services.
Uzma said the contract, secured via a letter of award, comprises non-rig assisted (NRA) electric wireline logging (EWL) equipment and services in East Malaysian waters.
"This includes technical consultancy, provision of electric-line units, logging services, perforation, plug/packer setting services, downhole auxiliary tools, and other services for all types of wells," it told the stock exchange in a filing.
The contract duration is three years, commencing from March 26, 2025 to March 25, 2028.
The contract is expected to contribute positively to the company's earnings and net assets per share for the financial year ending June 30, 2025 and beyond until its expiry.
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