TWMA Receives Offshore Processing Contract in Angola
- Business & Finance
TWMA, the leader in integrated drilling and environmental solutions for the international onshore and offshore oil and gas industry, has become the first company to be awarded an offshore processing contract in Angola.
The agreement, worth up to $35m, will see TWMA pioneer the concept of offshore processing in this rapidly developing but environmentally sensitive frontier, through the design, installation and operation of tailored solutions on-board a new-build drillship to support a major global operator’s drilling campaign.
Underlining TWMA’s global growth plans, this latest contract – with duration of up to five years – will see the company establish a new onshore support facility in Luanda and is expected to generate up to 50 new jobs in Aberdeen and Angola by the end of the year.
Ian McGillivray, global sales executive at TWMA, said: “As new and frontier energy regions around the world develop, it is critical that operators are aware of the differing environmental legislation and standards, and as such carefully plan how they intend to deal with drill cuttings and associated materials.
“This is an exciting project for TWMA and will see us operate for the first time in a country where there is an evolving environmental policy regarding the treatment and disposal of drill cuttings. As a result we are engineering our proven solutions into a new-build rig design to recycle drill cuttings and fluids at source.”
TWMA is currently working with clients in the UK, Norway, Egypt, Cameroon, Abu Dhabi, Canada and the United States; treating and recycling in excess of 100,000 tonnes of drill cuttings and associated fluids annually.
“Having assisted operators in their global drilling campaigns for many years our innovative solutions have earned the trust of the industry and are capable of meeting even the most stringent environmental regulations,” added Rob O’Neill, sales director at TWMA.
Press Release, September 06, 2013