Petronas (6033:KL) has awarded Welltec an exclusive three-year intervention contract across Malaysia, Welltec reported Tuesday.
The agreement, which took effect on April 1, designates Welltec Petronas’ sole provider of downhole conveyance and powered mechanical services in Malaysia’s East and West regions, Welltec pointed out in a written statement emailed to Rigzone.
“It’s a great team effort that has led to the award of this exclusive long-term contract with Petronas, and Welltec has demonstrated a strong ability to deliver, even through a challenging 2020, high-quality services in a safe manner to the largest assets in the country at a very cost-effective rate,” commented Espen Dalland, Welltec’s area vice president for Asia-Pacific. “This winning combination is the foundation for Petronas awarding us an even larger work scope for the next three years, where we will continue to deliver world-class technology and services.”
Welltec seals exclusive intervention deal with Petronas
KUALA LUMPUR, 6 hours, 24 minutes ago Welltec has been awarded an exclusive three-year contract by global energy and solutions company, Petronas. The agreement, which officially commenced on April 1, appoints Welltec as the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has that has led to the award of this exclusive long-term contract with Petronas, and Welltec has demonstrated a strong ability to deliver, even though a challenging 2020, high quality services in a safe manner to the largest assets in the country at a very cost-effective rate,” said Espen Dalland, Welltec Area VP for the Asia-Pacific region. “This winning combination is the foundation for Petronas awarding us an even larger work scope for the next three years, where we will continue to deliver world-class technology and services.