KUALA LUMPUR, Malaysia – Petronas has awarded Welltec a three-year contract to act as the company’s sole provider of downhole conveyance and powered mechanical services in East and West Malaysia.
Espen Dalland, Welltec 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, covering Petronas’ full intervention needs, are based on daily or monthly rental and include the entire Welltec intervention portfolio.
New services added under the agreement are the Reverse Circulating Bit (RCB) and various sizes of the Well Cutter.
According to Welltec, the RCB breaks through obstacles such as composite plugs and recovers the generated cuttings with suction into integrated bailer sections.
This allows users in a single run to mill obstacles and recover any associated debris in the well to prevent further associated issues.