♦ Naga Two wins LOA. UMW announced yesterday that they had received a Letter of Award (LOA) for the services of Naga 2 valued at US$183.12m (RM578.5m) for an estimated period of 1,355 days (~ 3.7-years) from HESS for the Indonesia Pangkah project. The contract is expected to commence in the first week of September 2010, although management stated that a contract has not been signed off as yet.
UMW Holdings Berhad : Letter of Award for Naga 2 - 18/08/2010
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