Uzma has announced that Malaysian Energy Chemical & Services Sdn Bhd, a 70%-owned subsidiary of the Company, has accepted an award of a contract from Sarawak Shell Berhad worth approximately RM40 million.
The job is for the provision of Kinetic Hydrate Inhibitor, Corrosion Inhibitor, and Associated Services for Timi field which is pursuant to a Letter of Award dated 19 January 2023 from Sarawak Shell.
Under the agreement, Uzma is to supply of Kinetic Hydrate Inhibitor, Corrosion Inhibitor, and associated services for Shell Timi Field with the duration of the contract will be for five years, effective 20 January 2023 until 19 January 2028.
Potential risk factors include project operational and execution risks, work schedules, delivery timelines, and adverse weather conditions
