KUALA LUMPUR (March 20): Upstream oil and gas services provider Uzma Bhd’s shares rose 3.03% this morning after its unit MMSVS Group Holdings Co Ltd has been awarded a three-year contract to provide onshore hydraulic workover services.
At 9.06a, Uzma added 3 sen to RM1.02 with 618,700 shares done.
The contract — awarded by PTTEP International Ltd, PTTEP Siam Ltd, and PTTEP SP Ltd — commenced on March 1 and is valid until June 30, 2022 with a one-year extension option, it said in a bourse filing.
The value of the contract or nature of payment was not specified in the filing.