The $157.68 million deal will start once the drilling rig has arrived at the mobilisation site and successfully passed function and pressure tests by Petronas.
The contract is for a three-year period with an additional two-year option for renewal.
UMW took delivery of NAGA 4, an independent leg cantilever B Class mobile offshore self-elevating drilling unit, in Singapore in February.
The company bought the rig in June last year for $214 million and it was constructed by Keppels Fels at its Singaporean shipyard.
It
