Petronas Awards 3-Year Well Intervention Deal to Welltec

Thursday, April 15, 2021

Offshore energy technology company Welltec has secured a three-year contract with the Malaysian oil firm Petronas as the sole provider of downhole conveyance and powered mechanical services for Petronas' Malaysia operations.

Espen Dalland, Area VP for the Asia-Pacific region said: "This is the third new contract we have received from Petronas following awards in 2014 and 2017, with an extension exercised in 2019. This latest contract predominantly features the same scope of services but now the geographical scope has increased from previously just being East Malaysia, to also include all assets in West Malaysia.”

The services are based on daily or monthly rental and will be selected by the various Petronas assets for any upcoming project during the coming three-year period, Welltec said.

The delivery will include the entire Welltec Intervention portfolio with the majority of services having already been deployed for Petronas under previous agreements, but now additional services like the RCB (Reverse Circulating Bit) and several sizes of the Well Cutter family have also been added to the list, Welltec said.

"Welltec’s unique RCB breaks through obstacles, such as composite plugs, and recovers the generated cuttings with suction into integrated bailer sections.  In a single run, this allows users to mill such obstacles as composite plugs and recover any associated debris the well to prevent further associated problems," the company explained.
 

Categories: Technology Energy Drilling Subsea Activity Well Operations Asia

Related Stories

Norwegian Oil Investment Will Peak in '25

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Current News

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Subsea7 Secures Work at Black Sea Field off Türkiye

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

PXGEO Nets First Seismic Survey off Malaysia

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com