Uzma to provide well abandonment integrated services for Petronas Carigali

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KUALA LUMPUR (Aug 7): Uzma Bhd has secured a work order for the provision of well abandonment integrated services for Pulai-A until the completion of 22 firm wells, from Petronas Carigali Sdn Bhd.

The group was awarded the contract on July 2 and received approval from Petronas Carigali yesterday to make the announcement, it said in a filing with Bursa Malaysia today.

According to Uzma, the work order will contribute positively to earnings for its financial year ending June 30, 2019, until the order's expiry.

Shares in Uzma closed up 1 sen or 0.9% at RM1.12, leaving the group with a market capitalisation of RM348.83 million.