Uzma's SVP Nets Well Services Deal with SEA Hibiscus


December 3, 2020
Illustration: xmentoys/AdobeStock

Illustration: xmentoys/AdobeStock

Malaysian company Uzma has, through its subsidiary Setegap Ventures Petroleum (SVP), won a well services contract with the Malaysian oil firm SEA Hibiscus, a subsidiary of Hibiscus Petroleum.

Uzma said that the work order was part of a Pan Malaysia Umbrella Contract for the provision of integrated well services for intervention, workover and abandonment for Petroleum Arrangement Contractors (PACs).

Under the work order with SEA Hibiscus, SVP will provide well intervention and integrity operations as required at site using equipment, consumables, and technology as agreed by both parties.

Further, SVP will supply equipment including a supply vessel, coil tubing unit, pumping package, E-Line, consumables, as well as the project management team.

The duration of the work order is for one year. Uzma did not provide financial details.

No comments

More Popular Posts

About Crude Oil Facilitators

Crude Oil Facilitators are dedicated global brokers and facilitators of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Facilitators, click here ». To learn more about Crude Oil Facilitators, click here

Crude Oil Facilitators