HydraWell announces exclusive agency agreement with Neural Oilfield Service
07 Apr 2021
Neural Oilfield Service, in Malaysia to support its novel Perforate Wash Cement (PWC®) technology.
The first PWC® barrier was applied in Malaysia in 2016 and a steady outlook is expected for decommissioning activities based on an increasing trend of idle wells and a goal of 500+ wells to be permanently abandoned by 2030, as per the latest PETRONAS outlook.
Neural is a subsidiary company of Neu Dimension, an integrated solution provider with over 20 years of experience delivering first-rate services to National and International Oil companies, domestically and abroad. It is a major provider of well intervention and perforation services for the upstream sector and is expected to complement HydraWell’s technology and operations.