,Reservoir Link executive director Thien Chiet Chai
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KUALA LUMPUR: Reservoir Link Energy Bhd has secured a contract from Roc Oil (Sarawak) Sdn Bhd for the provision of perforation services for drilling and production phase in 2021 and 2022.
In a filing with Bursa Malaysia Thursday, Reservoir Link said its wholly owned subsidiary, Reservoir Link Sdn Bhd (RLSB) had on Aug 13 received a letter of award from Roc Oil in relation to provision of perforation services for D35, D21 and J4 drilling and production phase (2021-2022).
The contract is for a period of two years with an extension option of one year.
It added that RLSB shall furnish an irrevocable and unconditional bank guarantee for an amount of RM470,000, being 10% of the contract value, by Sept 12.
Reservoir Link will perform through tubing perforation for production enhancement jobs and well completion phase of drilling campaign at D35, D21 and J4 oil fields, offshore Sarawak.
The scope of works shall cover the entire scope of planning, supply of provisions and execution of through tubing perforation and explosive tubing puncher jobs.
In a separate statement, Reservoir Link executive director Thien Chiet Chai said: “We are glad to be awarded this contract by Roc Oil. As a specialist in perforation, we are confident that our services will continue to help the oil sector to achieve enhanced production levels,”
“We expect this contract to contribute positively to the group’s financials and we will continue to tender for more projects to strengthen our order book.”