KUALA LUMPUR (April 7): Uzma Bhd (KL:UZMA) has secured a letter of award from EnQuest Petroleum Production Malaysia Ltd to provide well intervention and project management services for two years. The energy services group, which specialises in reservoir optimisation, well-life cycle management and renewable energy solutions, said the contract is valued at about RM60 million and covers the period from Feb 19, 2026 to Feb 18, 2028. Under the deal, Uzma's subsidiary Setegap Ventures Petroleum Sdn Bhd will be responsible for the provision, supply and maintenance of tools, equipment and accessories and spare parts for well intervention services for the 2026/2027 EnQuest Well Intervention Programme (Package A8), Uzma's bourse filing on Tuesday showed. Uzma obtained approval to announce the contract win from EnQuest on April 3. The Malaysian operations of UK-listed oil producer EnQuest plc focus solely in the upstream segment, which includes a PM8 extension production sharing contract, consisting of the PM8 and Seligi Fields, according to the company's website.

Source: The Edge Markets April 07, 2026 10:03 UTC