The contract is for 11 firm wells with options for additional wells, and UMW Petrodrill is expected to start operations at Zawtika Field in Martaban Gulf by June.
UMW Oil & Gas corporation president Rohaizad Darus said the contract secured meshed with the company's expansion plan in the oil and gas industry.
"With this new market penetration, we hope for more opportunities to secure contracts in Myanmar, not only for workover services, but also for our drilling and oilfield services.
"Our company will aggressively continue to pursue opportunities to expand our geographical coverage in the Asia-Pacific region as part of our growth plan and revenue diversification strategy," he said in a statement.
PTTEP International is a subsidiary of PTT Exploration and Production Public Company Limited, a subsidiary of the national oil company of Thailand. – Bernama
