KUALA LUMPUR (Feb 6): Oil and gas service firm Uzma Bhd announced that its wholly-owned unit Uzma Engineering Sdn Bhd has received a three-year contract from Petronas Carigali Sdn Bhd to provide electric wirelines logging services. An umbrella contract is normally awarded to a company that acts as an employer to agency contractors who work under a fixed term contract assignment. Uzma said the contract to undertake cased hole logging services covers the whole country. “This contract has further proven Petronas’ commitment in the development of local oil & gas players such as Uzma into more competitive areas by providing business opportunities despite the economic downturn, thereby supporting the growth of Malaysia’s oil and gas upstream services industry. Listed on Bursa’s Main Market since July 2008, Uzma is has over 600 staff and 300 active consultants.

Source: The Edge Markets February 06, 2017 12:11 UTC