PJBumi to buy five drilling rigs to support Indonesia project


Dateline 2026-01-20, The Edge Malaysia:

KUALA LUMPUR (Jan 20): PJBumi Bhd has entered into a contract to purchase five drilling rigs as the group prepares for its upcoming oil and gas integrated project management (IPM) drilling work in Indonesia.

The two sets of 750-horsepower (HP) AC drilling rigs and three sets of 550HP AC drilling rigs, supplied by China-based Gaoyou Hao Xiang Petroleum Machinery Co Ltd, carry a total consideration of US$39.87 million (RM161.58 million), according to the group’s bourse filing on Tuesday.

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