Kuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former’s UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the Philippines.

Frontier Oil development officer Marian Glorioso said the UMW Naga 7 will be deployed at the Calauit field for the drilling operations in the first quarter of next year.

UMW Naga 7 is currently under construction at China Merchant Heavy Industry ‘s shipyard in China.