Welltec scoops Malaysia deal from Petronas
- Business & Finance
Welltec Oilfield Services has been awarded a two-year contract by Petronas Carigali Sdn. Bhd. (PCSB) for the provision of downhole tractoring equipment and services for its operations offshore East Malaysia.
Welltec said on Thursday that the scope of the work was for rig support and rigless well intervention.
The company added that the provided services would include tractor conveyance, mechanical services, tubing cutting, clean-out, and milling e-line robotic intervention solutions in the East region assets group, including Sabah and Sarawak.
As a result, Welltec will assist PCSB in rig operations on development wells and help optimize the full production potential of existing wells.
Espen Dalland, Welltec VP of APAC region, said: “This award builds on Welltec’s impeccable HSE track record in Malaysia. It also allows Welltec to further demonstrate our unique, inherently safer, robotic electric line deployed intervention technologies coupled with an attractive value proposition, compared to the traditional pipe based intervention methods, by supporting ongoing projects for PCSB in East Malaysia.”
Welltec is a provider of intervention technology for e-line based solutions covering mechanical services, pipe cutting, clean-out and milling solutions being successfully developed and applied throughout the world over the last two decades.