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Uzma's unit bags US$3 mln contract in Thailand

11/06/2021 08:03 PM

KUALA LUMPUR, June 11 -- Uzma Bhd's wholly owned foreign subsidiary MMSVS Group Holding Co Ltd has received a contract award from Medco Energi Thailand (Bualuang) Ltd for the provision of chemical supply and services for the Bualuang Field worth US$3 million (US$1= RM4.1070).

The contract is for three years, Uzma said in filing with Bursa Malaysia today.

“MMSVS’ scope of work comprises the supply of production chemicals and oilfield chemicals, including technical services for the chemical management programme for the Bualuang Field in the Gulf of Thailand,” it added.

The contract is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2021 and onwards until the expiry of the contract.






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