Welltec has been awarded an exclusive three-year contract by global energy and solutions company, Petronas. 

The agreement – which officially commenced on April 1st – appoints Welltec as the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia.

“It’s a great team effort that has led to the award of this exclusive long-term contract with Petronas, and Welltec has demonstrated a strong ability to deliver – even through a challenging 2020 – high quality services in a safe manner to the largest assets in the country at a very cost-effective rate,” said Espen Dalland, Area VP for the Asia-Pacific region.    

“This winning combination is the foundation for Petronas awarding us an even larger work scope for the next three years, where we will continue to deliver world-class technology and services,” added Dalland. 

With the new deal covering the entirety of Petronas’ intervention operations, the award not only builds on a longstanding relationship, but also shows a real vote of confidence for Welltec’s fleet and technological capabilities.    

Giving further context, Alex Nicodimou - VP Sales & Marketing - commented: “This is a fantastic win for us. Petronas is a key customer in the region who over recent years have moved more and more towards an integrated approach for interventions. The fact they have provided us 100% of their intervention work speaks volumes about their belief in our technology and ability to deliver.  We’re looking forward to continuing to support them to the best of our abilities.”

KeyFacts Energy Industry Directory: Welltec   l   KeyFacts Energy: PETRONAS Malsysia country profile