Reservoir Link Energy Bhd (Reservoir Link) has received a letter of award from PETRONAS Carigali Sdn Bhd for the provision of Annulus Wash and Cement Assurance (AWCA) equipment and services for M1 and Anding campaigns.
The energy related services provider, announced that its wholly-owned subsidiary Reservoir Link Sdn Bhd saying the said contract shall commence on the effective date of the award which was 11 July 2023 and shall remain valid until completion of the scope of work (“Works”) which is estimated to be completed within eighteen (18) months unless earlier terminated in accordance with the Terms and Conditions of the Contract.
Under the scope of the contract, Reservoir Link Sdn Bhd will provide annulus wash and cement assurance services that include, but not limited to, the followings:
Creating circulation tunnel or window across casing in the well;
Washing or removing defective cement in the annulus behind the casing; and
Placing good cement across the annulus and in the casing at depth of interest.
Reservoir Link Executive Director Thien Chiet Chai said, “Given the overall improving industrial sentiment towards the oil and gas sector, Reservoir Link is expected to benefit from it. The sector is gradually experiencing more activities. This phenomenon is further supported by the rising demand for petrochemical products, as well as the aviation sector, which has experienced pent-up demand following the uplifting of Covid-19 restrictions.”
“Nevertheless, the Group has set its sights on building up the renewable energy sector to ensure long-term business sustainability, provided that the Government, and various other organisations are actively encouraging the use of renewable energy in their combat against global warming. Hence, our two-pronged approach towards the energy sector focusing on both oil and gas as well as other renewable energy alternatives will eventually prove to be substantial in outlining the future direction of our Group,” he added in a statement today Aug 1.
The statement did not disclose the valued of the award.
