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UMW Oil & Gas Corporation Berhad 9 June 2014 INVEST MALAYSIA 2014
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UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

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Page 1: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

UMW Oil & Gas Corporation Berhad

9 June 2014

INVEST MALAYSIA

2014

Page 2: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Overview

1

• 1988 Establishment of UMW Oilpipe Services Sdn Bhd marks

our foray into the oil and gas business

• 2002 UMW Oil & Gas Division was established

• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed in Bursa

Malaysia

• Market capitalisation RM 8.7 Billion

Background

Financial Performance 2013

94%

6% <0%

Drilling services

Oilfield services

Others

92%

4% 4%

RM738 million

RM207 million

REVENUE PBT

Page 3: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Our Company Overview

2

Our Shareholders

UMW Holdings

55.2%

PNB 10.7%

EPF 6.6%

Others 27.5%

Individual 3.5%

Body Corporate

74.5%

Government 0.5%

Nominees 21.5%

Malaysian 97.1%

Foreign 2.9%

As at 30 May 2014

Page 4: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

ARMENIA

AZERBAIJAN

AUSTRALIA

CHINA

FRANCE

INDIA

INDONESIA

MALAYSIA

NETHERLANDS

NEW ZEALAND

PAKISTAN

PHILIPPINE

ROMANIA

SINGAPORE

THAILAND

TURKEY

TURKMENISTAN

UK

USA

JAPAN

SOUTH AFRICA

Our Company Overview

3

794 as at April 2014

719 as at December 2013

10%

Our People Demographics

Staff strength

People Development

UMW-Instep Drilling Academy

Building Capabilities

Structured training • Floorman Module

• Derrick Man

• Driller

Short Specialised training Training Rig Rig Simulator

21 nationalities

794

72.4%

Page 5: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

NAGA 1

Offshore Rigs

UMW NAGA 2

Our assets : Drilling Operations

UMW NAGA 3 UMW NAGA 4

UMW NAGA 8 Delivery : Sept 2015

4

UMW NAGA 5

UMW NAGA 6 Delivery : 3Q2014

UMW NAGA 7 Delivery : 4Q2014

Semi-submersible

Jack-ups

Our Company Overview

Page 6: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

UMW Gait 1 UMW Gait 2 UMW Gait 3

UMW Gait 5

5

UMW Gait 6 Delivery: 3Q2014

Hydraulic Workover Units

Our assets : Drilling Operations

Our Company Overview

Page 7: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

6

West Plant & East Plant in Labuan

Sattahip & Songkhla

Tianjin

Turkmenbashy

Plants

in Malaysia

in China

in Thailand

in Turkmenistan

Our assets : Oilfield Services

Our Company Overview

Page 8: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Our Company Overview

7

Total Recordable

Case Frequency

0.29 as at April 2014

1.00 Industry average

Our Safety Record

Committed to the health and safety of personnel, protection of the

environment and compliance with applicable laws and regulations

Our Policy Statements

Quality Smoking Stop Work Drug & Alcohol Health, Safety &

Environment

Page 9: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

8

Market Outlook

Page 10: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

0

20

40

60

80

100

120

0

20

40

60

80

100

120

9

Cru

de

oil

pro

du

cti

on

(m

b/d

)

Cru

de

oil

pri

ce

per

barr

el (U

SD

)

USD 62/bbl due to GFC

Peak Oil price = USD 108/bbl

The Brent crude oil price is projected to average USD105/bbl and

USD101/bbl in 2014 and 2015, respectively

Crude oil production (mb/d) Crude oil price per barrel (USD)

World Oil Production

Page 11: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

0 052 100

237 026 058

246 139 031

107 072 157

0 122 192

255 204 204

255 204 153

199 184 222

153 204 255

0.0

0.3

0.6

0.9

1.2

1.5

1.8

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013F

2014F

2015F

2016F

2017F

2018F

China Indonesia MalaysiaThailand Myanmar Vietnam

Asia offshore oil & gas production outlook

10

Offshore oil and gas production by country

These are all markets which we are currently active in, making it a

positive key driver to our services

(mmboe/day)

Source: Douglas-Westwood.

Asia offshore oil and gas production with jack-up and semi-submersible drilling

rigs demand

0

20

40

60

0

2

4

6

8

10

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013F

2014F

2015F

2016F

2017F

2018F

Offshore shallow (LHS) Offshore deep (LHS)

Jackup (RHS) Semisub>1000ft (RHS)

(mmboe/day) 2012– 2015 Total production CAGR = 3.4%

2012–15

Jack-up

demand

CAGR = 4.6%

• Jack-up demand in Asia is

growing at CAGR of 4.6%.

• Malaysia : > 23% of total

offshore production in Asia,

followed by Indonesia

• Vietnam and Myanmar are

the two countries in SEA

which is expected to

experience large growth

Page 12: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

11

Asia Pacific drilling activities

• E&P activities

expenditure : USD162

billion for next five

years

• Drilling Expenditure is

USD73 billion:

• Australia - 27%

• Indonesia - 19%

• Malaysia -11%

• Shallow water still

dominating drilling

landscape

Source: “The Rising East “– Drilling Contractor Magazine (Nov/Dec 2013)

USD73 billion for drilling in APAC where shallow water will still be the dominating landscape.

Page 13: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Drilling market outlook

12

Offshore drilling rig demand by country, SEA

MODU rig demand by rig type, SEA

The DCR of jack-up drilling rigs in SEA is expected to recover from the downturn period from 2009 – 2012 to reach US$153,000 on average over 2013 – 2018, increasing by 26% compared to 2012. Semi-submersible <1,000ft DCR is

likely to stay at US$164,000 on average, increasing by 19% compared to 2012

Source: Douglas-Westwood and RigLogix.

(unit)

(Unit)

UMW-OG’s addressable market is dominated by demand for jack-up drilling rigs due to the shallow water drilling environment in SEA

0

8

16

24

32

2009 2010 2011 2012 2013F 2014F 2015F 2016F 2017F 2018F

Malaysia Vietnam Indonesia Thailand Myanmar

0

20

40

60

2009 2010 2011 2012 2013F 2014F 2015F 2016F 2017F 2018F

Jackup Semisub>1000ft Drillship Semisub<1000ft

Page 14: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

506 22

26

170 18

3

2

43

≥30 years

20-29 years

10-19 years

<10 years

4

0 1

11

Summary : Age of jack-ups

13

Global : 724 rigs SEA : 66 rigs

Malaysia : 16 rigs

Rigpoint as at 27 May 2014

≥ 30 years

Global 70%

SEA 27%

Malaysia 25%

Drilling market outlook

Page 15: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Drilling market outlook

78.7%

4.9% (3 rigs)

16.4%

Foreign

UMW

Other Asean

Jack-ups working in Malaysia (15 rigs)

86.7%

13.3% (2 rigs)

100% of total Malaysia

94.4%

5.6% (1 rig)

Foreign

Malaysian

87.5%

12.5% (1 rig)

100% of total of Malaysia

Semi-sub working in Malaysia (8 rigs)

Jack-ups working in SEA (61 rigs)

Semi-sub working in SEA (18 rigs) 14 source: ODS-petrodata - as at 27 May 2014

Page 16: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

2 2

1 1 1

3

1

0

1

2

1

0

1

2

3

4

2014 2015 2016

300 ft

350 ft

375 ft

400 ft

6 5

11

5

1

6

19

1 3 3

1

0

5

10

15

20

2014 2015 2016

300 ft

350 ft

375 ft

400 ft

Drilling market outlook

15

Jack-up Rig Contract expiry - Malaysia

Jack-up Rig Contract expiry - SEA

Total: 26 Total: 32

Total: 3

source: ODS-petrodata - as at 27 May 2014

Total: 7 Total: 6 Total: 2

Page 17: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

SEA O&G prospects in the headlines

16

• Petronas spent RM17.5 billion of its CAPEX in the 1Q - 1Q

results announcement, 14 May 2014

• Petronas expected to keep up exploration efforts – The Sun Daily, 1

Apr 2014

Malaysia

Myanmar

Thailand

Vietnam

The Philippines launched a tender for exploration rights in 11 oil and gas blocks– 9

May 2014, Reuters UK

Philippines

Thai PTT Plans to Invest USD10 Billion in O&G CAPEX for 2014 -2018 – 9 Jan 2014,

www.rigzone.com

Vietsovpetro Eyes Offshore, Deepwater Activities areas to boost reserves – 14 December

2013, www.rigzone.com

Indonesia Appoints Winners in USD4 Billion Jangrik Gas Projects- 12 Feb 2014,

www.rigzone.com

Indonesia

• Myanmar awards 20 offshore blocks for oil and gas exploration – Malaysia Sun, 26 March 2014

• PTTEP will spend USD3.3 billion over the next five years to develop gas projects throughout Myanmar- Myanmar Times, 2 March 2014

Page 18: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Malaysian O&G industry

17

EPP 3: Intensifying exploration activities

Global upstream spending in the oil and gas sector is expected to remain set at around USD700 billion (about RM2.31 trillion) over the next decade

Close to 20% of this spending will be here in South East Asia

Malaysia: Investing close to RM198 billion (about USD 60 billion) over the next five years in the oil and gas sector upstream sector

Page 19: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Impact of the ETP on the Malaysian O&G industry: PETRONAS’ development programme

18

PETRONAS RM198 Billion

5 YEAR UPSTREAM CAPEX Programme

(2011-2015)

EPP 1: Enhanced Oil Recovery Programmes

EPP 2: Development of Marginal Fields

EPP 3: Intensifying exploration activities

Drilling new wells

Rework (workover) of existing wells

Drilling new development wells (smaller platform requires jack-up)

Drilling exploration and appraisal wells

Page 20: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Impact of the ETP on the Malaysian O&G industry: PETRONAS’ development programme

19

Major contracts awarded by

Petronas:

2011-2014 • 1st RSC - Berantai Field

• 2nd RSC - Balai Field

• 3rd RSC - Kapal, Banang and

Meranti

• 4th RSC - Tanjong Baram field

• 5th RSC – Tembikai Field

2013: The 13-package, five-year

jobs under the Pan Malaysia

integrated hook-up and

commissioning and topside major

maintenance contract worth

RM10B

2014: 5 years umbrella contract

for Design and engineering

0

10

20

30

40

50

60

70

2011 2012 2013 2014F 2015F

Target

Spent

RM B

Spent RM 126.3B Balance RM 173.7B

Capex Balance,

58%

Capex Spent, 42%

Q1 2014

Page 21: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Unsa

ve

d D

ocu

me

nt

/ 5

/6/2

01

3 /

12

:41

20

Business Strategies

Page 22: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

21

Our journey

Labuan,

Malaysia Sattahip & Songkhla,

Thailand UMW Gait 1 Tianjin,

China

UMW Gait 2 Naga 1 Turkmenbashy,

Turkmenistan UMW Gait 3

Page 23: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

22

Our journey

UMW Naga 2 UMW Naga 3 UMW Gait 5

Beginning of major expansion plan

Page 24: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Build Asset Base

Build Capabilities

Secure Market Share

Manage Day rates

& Utilisation

23

Drilling academy

Experienced management

Strong HSE

Increase in number of assets

Assets with higher technical capabilities

Strong in Malaysia

International experience

Ability to secure contracts

Higher asset base

Higher utilisation

Higher day rate

Balance between short and long term contracts

Optimise utilisation

Our expansion plan

Page 25: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

24

Why expand

Why

Expand

Financial & Risk

Market opportunities

Growth Sustainability

Increase Capacity Diversify

revenue

Reduce dependency on single client

Widen geographical coverage

Widen client base

Page 26: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

GAIT 2 GAIT 1 NAGA 1 GAIT 3 NAGA 2 NAGA 3

GAIT 5

NAGA 4 NAGA 8

NAGA 5

NAGA 6

NAGA 7

GAIT 6

Baseline

1 rig per

year

25

Asset expansion Focus on Drilling Services

Prior to 2012 2013 2014 2015 & beyond

rigs rigs rigs rigs & growing

Page 27: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

26

Geographical expansion

Prior to 2012 2013 2014 2015 & beyond

Footprint in ASIA

moving towards

MIDDLE EAST,

OCEANIA, NORTH SEA

& ultimately REST OF

THE WORLD

countries countries countries

Page 28: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

27

Widen client base

Prior to 2012 2013 2014 2015 & beyond

PETRONAS Carigali

Oil Majors

Blue chip customers

Page 29: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

28

UMW NAGA 5

days ahead of

schedule

Delivered : 29 April 2014

Asset expansion

Additions in year 2014

UMW NAGA 6 UMW NAGA 7 Expected Delivery :

September 2014

Expected Delivery :

December 2014

completed completed

UMW GAIT 6 Expected Delivery :

Aug 2014

completed

Page 30: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Geographical expansion

29

Semi-submersible rig

Oilfield services operations

Jack-up rigs

Hydraulic workover units

4 Jack-Ups, 1 Semi-sub 4 HWUs, 6 plants

in SEA

Page 31: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

30

Geographical expansion

Balancing

MALAYSIA & INTERNATIONAL presence

Offshore Drilling

2013

• 3 rigs Malaysia

• 1 rig

International

2014

• 2 rigs

Malaysia

• 3 rigs

International

2015 & beyond

• X rigs

Malaysia

• Y rigs

International

75% : 25% 40% : 60% 40% : 60%

Page 32: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

31

Oilfield Services Operations

in Malaysia

in China

in Thailand

in Turkmenistan

Recurring sustainable income stream

Market penetration platform to expand from China, Thailand, Turkmenistan

• Familiar with:

• Financial regime

• Tax regime

• Logistics

• Govt. Regulations

• Local Culture

• Cross Selling

• Marketing

A strategic fit

Page 33: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Participation in Tendering Process

32

12 Malaysia

13 International

25 Total

2.21 USD Billion

Page 34: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

33 Financial overview

Page 35: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Financial Performance

34

185

(41)

102 74.4

207

(100)

(50)

-

50

100

150

200

250

-

100

200

300

400

500

600

700

800

2010 2011 2012 2013 1Q 2014

Drilling Oilfield Others Profit/(Loss) Before Taxation

RM Million RM Million

349

550

724 738

PBT: 58

196

Either pbt or pat

Page 36: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

94%

6% <0%

Drillingservices

Oilfieldservices

Others

Revenue development

35

Revenue segmentation

95%

5%

2013 1Q 2014

RM738 Million

RM196 Million

1Q 2014: Increase in contribution from drilling services with additional rigs with higher day rates

Page 37: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

0.3

0.4

-0.1

-0.02

36

Gearing ratio Figures in times

Net Gearing Gross Gearing

2013 1Q 2014

Page 38: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

Capital commitments as at 31.3.2014

37

Rigs & HWUs RM 2.7 Billion

99.5%

Plant & machinery

RM 7.4 Million 0.3%

Others RM 6.3 Million

0.2%

RM 2.71

Billion

Developing and further expanding our asset base CAPITAL COMMITMENTS = RM 2.71 Billion

Page 39: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

38

Rigs & HWUs RM 2.3 Billion 99.94%

Plant & machinery

RM 499 <0.01%

Others RM 1.3 Million 0.06%

RM 2.3

Billion

Contracted Not Contracted

Rigs & HWUs

RM 374.4 Million 96.8%

Plant & machinery

RM 7.4 Million 1.9%

Others RM 5.0 Million 1.3%

Capital commitments as at 31.3.2014

RM 0.4

Billion

Page 40: UMW Oil & Gas Corporation Berhad - ChartNexusir.chartnexus.com/umw-oilgas/doc/presentation/Invest... ·  · 2014-06-10• 1 November 2013 UMW Oil & Gas Corporation Berhad Listed

39

UMW NAGA 5

THANK YOU