STATS has signed an exclusive supply agreement for its products and services with Malaysia’s E&P O&M Services Sdn Bhd (EPOMS).
EPOMS provides integrated frontline operations and maintenance services for oil and gas platforms, floating facilities, associated flowlines and pipelines in Malaysia.
The strategic agreement covers STATS’ innovative range of pipeline hot tapping, plugging and inline isolation services, including its market leading BISEP® double block and bleed technology and Remote Tecno Plug® system.
STATS has an existing relationship with EPOMS and last year completed a workscope which included the isolation and reinstatement leak-testing of a 12” shutdown valve on the EPOMS-operated Larut A platform, offshore Malaysia.
At a signing of the exclusive supply agreement in Kuala Lumpur, EPOMS was represented by its Managing Director/Chief Executive Officer, Tuan Haji Zulkarnain Ismail, and witnessed by Chairman, YM Raja Dato’ Sri Mufik Affandi Bin Raja Khalid.
Tuan Haji Zulkarnain Ismail said: “EPOMS is no longer confined strictly to O&M activities and limited within Malaysian market. Accordingly, EPOMS has rigorously explored new business activities and business ventures as the Company gears up to further expand its growth. “Therefore, EPOMS welcomes the opportunity to work closely with STATS Group and continue our successful collaboration. As the famous saying goes: ‘If you want to go fast, go alone, if you want to go far, go together’.
“STATS is a world-renowned player in providing these niche offerings and EPOMS is committed to representing STATS in Malaysia by providing value added services using their products and solutions.”
STATS Regional Manager for Asia Pacific region, Gareth Campbell, said: “We have enjoyed a strong relationship with EPOMS and this exclusive supply agreement is an exciting and natural development which will benefit both companies.
“EPOMS is ambitious and forward looking and its ethos of providing true value and real solutions is very much one that chimes with our own outlook and approach to client service. We are looking forward to working with EPOMS on major pipeline isolation contracts in Malaysia and further afield.”
Malaysia and the wider Asian energy sector is a key market for STATS and from its base in Kuala Lumpur the company deploys project engineers, technicians and operational support staff across a wide range of pipeline isolation and maintenance activities for onshore, topsides and subsea projects.
With strong tender activity and renewed client confidence, STATS expects revenues in the Asia Pacific region to more than double in the current year and in addition to Malaysia it is pursuing opportunities in Indonesia, Vietnam, Australia and New Zealand.