Malaysia's UMW Oil & Gas Corporation has announced that UMW Offshore Drilling has sealed a contract with Repsol Oil and Gas Malaysia for 2014-built jackup rig UMW Naga 5.
The contract is for one year and includes an additional one-year extension. Commencement is scheduled for mid-September
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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