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Reservoir Link unit secures work order from PETRONAS Carigali

Reservoir Link unit secures work order from PETRONAS Carigali

The Star30-06-2025
KUALA LUMPUR: Reservoir Link Energy Bhd 's wholly-owned subsidiary Reservoir Link Sdn Bhd has received a work order for the provision of annulus wash and cement assurance for PETRONAS Carigali Sdn Bhd.
In a stock exchange filing, Reservoir Link said the work order commenced on May 26, 2025, for a period of four years until May 25, 2029.
In a separate statement, Reservoir Link said the contract is expected to generate up to RM25mill annually, which collectively amounts to an estimated RM100million over four years.
"Gazing forward, 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,' said executive deputy chairman Thien Chiet Chai.
Reservoir Link's shares were last traded before the lunch break at 21 sen a share, up 0.5 sen from the previous session's closing price, after 9.36 million shares changed hands.
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Reservoir Link unit secures work order from PETRONAS Carigali
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KUALA LUMPUR: Reservoir Link Energy Bhd 's wholly-owned subsidiary Reservoir Link Sdn Bhd has received a work order for the provision of annulus wash and cement assurance for PETRONAS Carigali Sdn Bhd. In a stock exchange filing, Reservoir Link said the work order commenced on May 26, 2025, for a period of four years until May 25, 2029. In a separate statement, Reservoir Link said the contract is expected to generate up to RM25mill annually, which collectively amounts to an estimated RM100million over four years. "Gazing forward, 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,' said executive deputy chairman Thien Chiet Chai. Reservoir Link's shares were last traded before the lunch break at 21 sen a share, up 0.5 sen from the previous session's closing price, after 9.36 million shares changed hands.

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KUALA LUMPUR: Reservoir Link Energy Bhd's subsidiary Reservoir Link Sdn Bhd has received a work order award from Petronas Carigali Sdn Bhd for the provision of annulus wash and cement assurance. 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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