According to CIMB Investment Bank Research, UMW Oil & Gas (UMWOG) corporation's earnings per share could increase by 2 per cent in financial year 2014 as its jack-up rig naga 7 is likely to be delivered earlier than expected.

CIMB Research analyst Norziana Mohd Inon said she was encouraged by UMWOG's fleet expansion programme, which had been producing positive scheduling surprises.