UMWOG

BACKGROUND

UMW Oil & Gas Corp. Bhd. is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. It operates through the following segments: Drilling Services, Oilfield Services, and Others. The Drilling Services segment offers drilling and workover rig services to the upstream oil and gas sector; owns and operates drilling rigs and hydraulic workover units; and acts as an agent for two providers of specialized equipment and service. The Oilfield Services segment provides premium oil country tubular goods threading, repair, and inspection services. The Others segment focuses on investment holding and provision of support, management, and corporate services. The company was founded in 2002 and is headquartered in Kuala Lumpur, Malaysia.

RISK FACTORS

BUSINESS OVERVIEW

 

SNAPSHOT

RigBuilt/DeliveryClientContract PeriodContract TenureCurrent Location
NAGA 22009VestigoStarting 2Q174-5 monthsTerengganu
NAGA 32010Petronas CarigaliStarting July 20179-11 monthsSabah
NAGA 42013Petronas CarigaliStarting July 20175 monthsTerengganu
NAGA 5May 2014RepsolStarting May 20171+1 yearsKemaman
NAGA 6Sep 2014Petronas CarigaliMay 2016 - May 20182+1 yearsSarawak
NAGA 7Dec 2014Petronas CarigaliMarch 2017 - Sep 20181.5 yearsTerengganu
NAGA 8Sep 2015HessSep 2016 - March 20191.5 + 1 yearsNMB

 

LATEST DEVELOPMENT

22 August 2017

Awarded contract by Repsol Oil & Gas Malaysia Limited for Naga 5

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5522413

15 May 2017

Awarded contract by Petronas Carigali for Naga 3 and Naga 4

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5425921

 

 

PORTER’S FIVE FORCES

 

SWOT ANALYSIS

 

PESTLE ANALYSIS

 

 

 

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