Reservoir Link bags RM100mil Petronas Carigali job over four years
In line with the company's historical performance, the contract is expected to generate up to RM25 million annually.
The contract will be valid for four years until 2029, which collectively amounts to an estimated RM100 million in contract value.
Under the scope of the contract, Reservoir Link will be providing a mechanism to create circulation tunnel or window.
It will also provide annulus wash mechanism to remove defective cement in the single or dual annulus through the created tunnel or window.
The company will provide cement placement mechanism across the single or dual annulus through the created tunnel or window.
Reservoir Link executive deputy chairman Thien Chiet Chai said the second contract win from Petronas Carigali for 2025 solidifies its strong market presence within the oil and gas industry.
"We believe this sustained success will place us in an optimum position to secure more contracts, leveraging our established expertise and the reliability that we have become synonymous for.
"This latest achievement serves as a solid foundation for continued growth and expanded partnerships, and we are immensely excited to see what opportunities this momentum will bring, going forward," he added.
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