Under the $51.3m contract, UMW will deploy its UMW NAGA 5 jack-up drilling rig, which is currently under a drilling contract in the Philippines with NIDO Petroleum (NIDO).
The contract scope includes for five firm wells, (approximately 250 days excluding mobilization and demobilization), and may be extended for one optional well thereafter, UMW said in a statement.
The rig is scheduled to be deployed to Myanmar in August.
UMW-OG president Rohaizad Darus said Myanmar actively is developing its oil and gas potentials with the award of 20 new exploration licenses recently.
"This augurs well with our regional expansion plans of opening up and developing new markets," Darus added.
"The contract for UMW NAGA 5 is the second contract we secured in Myanmar after the contract for our Hydraulic Workover Unit, UMW GAIT 6 which was secured in November last year. We hope this will help us to build a firmer footing in Myanmar market in the future."
