Reservoir Link executive director Thien Chiet Chai
KUALA LUMPUR: Reservoir Link Energy Bhd
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.
In a statement, Reservoir Link said its wholly-owned subsidiary Reservoir Link Sdn Bhd won the contract. It added that work commenced work on July 11 and is expected to be completed within 18 months.
Under the contract, Reservoir Link will provide AWCA services that include creating a 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.
“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,” executive director Thien Chiet Chai said.
He added the group has also 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 battle 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.
