Welltec Awarded an Exclusive Three-Year Contract by Petronas

Source: www.gulfoilandgas.com 4/13/2021, Location: Asia

Welltec® has been awarded an exclusive three-year contract by global energy and solutions company, Petronas.

The agreement – which officially commenced on April 1st – 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 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,” said Espen Dalland, 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,” added Dalland.

With the new deal covering the entirety of Petronas’ intervention operations, the award not only builds on a longstanding relationship, but also shows a real vote of confidence for Welltec’s fleet and technological capabilities.

Giving further context, Alex Nicodimou - VP Sales & Marketing - commented:

“This is a fantastic win for us. Petronas is a key customer in the region who over recent years have moved more and more towards an integrated approach for interventions. The fact they have provided us 100% of their intervention work speaks volumes about their belief in our technology and ability to deliver. We’re looking forward to continuing to support them to the best of our abilities.”


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