Integrated oil and gas service provider Uzma Bhd is confident of winning more jobs as it is the only local firm with the technology and equipment to carry out enhanced oil recovery (EOR), essentially services to squeeze out more oil from existing fields.
EOR is one of the areas in focus by national oil company Petronas currently, apart from looking for oil in new deepwater fields and smaller or marginal fields.
So far this year, its subsidiary Uzma Engineering Sdn Bhd has won RM370 million EOR contracts from Petronas Carigali Sdn Bhd.
In fact, Uzma managing director and chief executive officer Datuk Kamarul Redzuan Muhamed said the company is already in the forefront of EOR projects.
“We have done a few EOR projects, not only in Malaysia but also in Australia and Thailand. I don’t think there is any Malaysian companies doing such works on EOR. Uzma is probably the only local firm that has the technology and equipment to conduct EOR in oil fields,” he told Business Times in an interview.
Uzman, which started as a company that helped oil giants study and map out potential energy reserves, is also now involved in implementing the studies.
Read more: Uzma fuels growth http://www.btimes.com.my/Current_News/BTIMES/articles/20111016233731/Article/#ixzz1azqxZ600
EOR is one of the areas in focus by national oil company Petronas currently, apart from looking for oil in new deepwater fields and smaller or marginal fields.
So far this year, its subsidiary Uzma Engineering Sdn Bhd has won RM370 million EOR contracts from Petronas Carigali Sdn Bhd.
In fact, Uzma managing director and chief executive officer Datuk Kamarul Redzuan Muhamed said the company is already in the forefront of EOR projects.
“We have done a few EOR projects, not only in Malaysia but also in Australia and Thailand. I don’t think there is any Malaysian companies doing such works on EOR. Uzma is probably the only local firm that has the technology and equipment to conduct EOR in oil fields,” he told Business Times in an interview.
Uzman, which started as a company that helped oil giants study and map out potential energy reserves, is also now involved in implementing the studies.
Read more: Uzma fuels growth http://www.btimes.com.my/Current_News/BTIMES/articles/20111016233731/Article/#ixzz1azqxZ600
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