KUALA LUMPUR: UMW HOLDINGS BHD [] says US$183.12 million contract agreement with HESS (Indonesia-Pangkah) Ltd to provide drilling rig and drilling services to be signed by end-September instead of end-August.
'The parties are still in the midst of finalising the contract documents and we now expect the contract agreement to be signed before the end of September 2010,' it said on Tuesday, Sept 7.
On Aug 17, UMW announced that it had received a letter of award from HESS where UMW would provide its jack-up drilling rig 'Naga 2' and drilling services for the Pangkah WHP-B development drilling in the Ujung Pangkah field, off'' East Java.
'The parties are still in the midst of finalising the contract documents and we now expect the contract agreement to be signed before the end of September 2010,' it said on Tuesday, Sept 7.
On Aug 17, UMW announced that it had received a letter of award from HESS where UMW would provide its jack-up drilling rig 'Naga 2' and drilling services for the Pangkah WHP-B development drilling in the Ujung Pangkah field, off'' East Java.
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