[UMW OIL & GAS CORPORATION BHD，生意慢慢恢复]
合顺油气在2018年3月12日，宣布UMW Workover Sdn Bhd，完全拥有的子公司，获得了PETRONAS Carigali Sdn Bhd的460K Drilling Hydraulic Workover Unit合约(http://www.bursamalaysia.com/…/company-announcements/5721449)。从2018年2月6日开始，这合约的期限是3年，有权利延长1年。
1）油钻部门：
布伦特原油现在大约在每桶USD60徘徊（在2017年站上USD50稳定后），上游工业有更多的信心，造成了更多的钻油生意。在短期，这个领域预期会慢慢复苏。现在合顺油气的4个自升式钻机都在运作（还有1个预期在第二季运作）。预期有更多的自升式钻机会在第二季开始拿到更多合约。在短期，预期机器的运用率会在健康的水平。除了延长现有的合约，合顺油气也在争取新的合约。
2）油田服务部门：
油田服务领域显示了慢慢复苏的迹像。合顺油气已卖掉土库曼斯坦的生意，也在泰国停止业务来止损。不过，这部门对集团的表现影响不大。
在2017年的再融资活动后，合顺油气能集中精力来争取更多的合约和改进效率。预期机器的运用率的提高和成本的降低会为2018年带来更好的表现。
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James Ng
On 12 March 2018, UMWOG announces that UMW Workover Sdn Bhd, a wholly-owned subsidiary has been awarded a contract for the Provision of 460K Drilling Hydraulic Workover Unit for PETRONAS Carigali Sdn Bhd (http://www.bursamalaysia.com/…/company-announcements/5721449). Commencing from 6 Feb 2018, the Contract has a term of 3 years with an option to extend for a further 1 year.
Prospects:
1) Drilling Services Segment:
With the benchmark Brent oil price currently hovering above USD60 per barrel after stabilizing above USD50 per barrel for most of 2017, more confidence is seen in the upstream sector, resulting in more activities especially in drilling. In the near term, a gradual recovery in the industry is expected. At present, four of the Group’s jack-up drilling rigs are working with one more expected to be mobilized in early second quarter. More rigs are expected to secure contracts from the second quarter onwards. The utilisation rate is expected to stay at a relatively healthy level in the near future. Besides working on extension of existing contracts, the Group is also bidding and negotiating for new contracts to replace expiring ones.
2) Oilfield Services Segment:
The oilfield services sector is showing signs of slow recovery. The Group has disposed of the business in Turkmenistan and has ceased operation in Thailand to minimize further losses. However, the financial impact to the Group is immaterial as this segment’s contribution to the Group is minimal.
With a stronger financial footing after the completion of recapitalisation and refinancing exercises in 2017, the Group will be able to focus on securing more contracts and improving operational efficiency. The potential improvement in both utilization and operating cost are expected to contribute positively to the financial performance of the Group for the financial year 2018.
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James Ng
