UMW Standard Drilling Sdn Bhd has secured a contract from PetroVietnam Drilling & Well Services Corporation (PV Drilling) for the provision of a jack-up drilling rig and services.
The contract secured by the wholly-owned unit of UMW Holdings Bhd is for a duration of six months with an option for another six months.
The contract, which was signed in Ho Chi Minh City, Vietnam Thursday, involves the provision of one of UMW's jack-up drilling rigs, Naga 2, and related drilling services to PV Drilling to drill wells for the end client, Hoang Long Joint Operating Co.
"With the contract secured, the jack-up drilling rig Naga 2 will operate in Vietnam and is expected to be in Vietnam waters in May, after completing its contract in Indonesia with Hess (Indonesia-Pangkah) Ltd, which is expected to end in April.
"We will be completing our current drilling campaign in Indonesia soon and I believe our international operational experience there will be handyfor our coming operation in Vietnam," President of UMW Oil & Gas Corporation Sdn Bhd, Rohaizad Darus, said in a statement.
Naga 2 is a premium independent-leg cantilever jack-up rig with a drilling depth capability of 30,000 ft. (9,144m.) and a rated operating water depth of 350 ft. (106.7m.)
-- BERNAMA