Kuala lumpur: Uzma Bhd's subsidiary Setegap Ventures Petroleum Sdn Bhd has secured a RM60 million contract from EnQuest Petroleum Production Malaysia Ltd for two years starting Feb 19, 2026, until Feb 18, 2028.

According to BERNAMA News Agency, the regional energy and technology company announced that the letter of award dated Feb 19, 2026, was for the provision of an integrated well intervention and project management team for the 2026/2027 EnQuest Well Intervention Program (Package A8).

The scope of works includes the provision, supply, and maintenance of necessary tools, equipment, accessories, and spare parts for well intervention services, as stated in a filing with Bursa Malaysia today.

The contract will not impact the company's share capital and shareholding structure, as it does not involve issuing ordinary shares in the company. However, it is expected to contribute positively to the earnings and net assets per share of the company for the financial year ending June 30, 2026, and onwards until the contract's expiry.