Scomi Energy active, up 20% on bagging Kuwaiti contracts

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KUALA LUMPUR (March 26): Scomi Energy Services Bhd rose 20% in active trade this morning after it bagged two contracts worth US$150 million (RM610 million) from the Kuwait Oil Company for the provision of mud products and mud engineering services for deep drilling and development drilling.

At 9.07am, Scomi Energy rose 1.5 sen to 9 sen with 4.36 million shares traded.