Published: Monday May 13, 2013 MYT 6:27:00 PM
Scomi Group secures RM98.5m Turkmenistan contract
By Nadya Ngui
KUALA LUMPUR: Scomi Group Bhd's oilfield services has bagged a two-year contract worth RM98.5mil from Dragon Oil Ltd for its ongoing drilling and completion fluids services in Turkmenistan.
With a current order book of over RM4.9bil with a healthy pipeline of tenders, Scomi said on Monday that Turkmenistan is one of its key focus as the country was expected to see an increase in its oil and gas activity to support its own demand as well as the world supply demand.
Scomi's market unit president Wan Ruzlan said its oilfield services division has performed well over the last six months -- with this project being the latest in a series of contract awards in Qatar, Myanmar, Malaysia and Indonesia.
"Our focus into the Eastern Hemisphere where we see our greatest growth potential is starting to pay dividends," he said.
Scomi has provided drilling fluids and solids control services to Dragon Oil since 2007 and has had a significant presence in Turkmenistan since 2004.
It provided drilling fluids, drilling waste management services, solids control equipment and thermal desorption services.
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