HydraWell has signed an exclusive 3-year agency agreement with Neural Oilfield Service, in Malaysia, to support its novel Perforate Wash Cement (PWC®) technology.
The first PWC® barrier was applied in Malaysia in 2016 and a steady outlook is expected for decommissioning activities based on an increasing trend of idle wells and a goal of 500+ wells to be permanently abandoned by 2030, as per the latest PETRONAS outlook.
Neural is a subsidiary company of Neu Dimension, an integrated solution provider with over 20 years of experience delivering first-rate services to National and International Oil companies, domestically and abroad. It is a major provider of well intervention and perforation services for the upstream sector and is expected to complement HydraWell’s technology and operations.
John Chesson, HydraWell’s Asia Pacific Region Manager, says:
“This news is further recognition that HydraWell is an established player within the market and it is an extremely positive step on our business journey in the Malaysian market.
We look forward to working with Neural Oilfield Service, and rolling out our PWC technology to deliver the best possible solutions for our client”.
KeyFacts Energy Industry Directory: HydraWell