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Water Deal Can Generate Up To RM80 Million Revenue For Uzma
  • Uzma‘s D18 water injection facility (WIF) contract, which it recently won from Petronas Carigali, is expected to generate an annual revenue of up to RM80 million.
  • Capital expenditure (capex) for the water injection unit is estimated at US$70 million (RM266 million).
  • Petronas has the right to purchase the water injection unit at the end of the contract, which further allays concerns of inability to recover the asset capex cost.

Significance: If this maiden WIF project in Malaysia is executed well, it will provide plenty of opportunities for other mature fields in Malaysia. The estimated payback period for the WIF is around five to six years.

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