June 30, 2019
KUALA LUMPUR – PETRONAS Chemicals Marketing (Labuan) Ltd (PCML), a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), and Scomi Oiltools Sdn Bhd, a wholly-owned subsidiary of Scomi Energy Services Bhd (SESB), had recently signed two agreements for collaboration in research, development and marketing of chemical solutions.
The first agreement was to formalise the ongoing research and development (R&D) of chemical solutions mainly targeted for the oil and gas industry, which has commenced since 2016.
Meanwhile, the second agreement was for the commercialisation of a high performance water-based mud additive – the first product developed under the collaboration.
Developed at Scomi’s Global Research and Technology Centre in Shah Alam, the additive is designed to improve shale inhibition in offshore and on-shore drilling activities.
Commenting on the partnership, PCG Managing Director/Chief Executive Officer Datuk Sazali Hamzah said, “This partnership is advantageous for both PCG and Scomi, as it enables us to come together in creating innovative and sustainable solutions for our customers”.
“At PCG, the desired outcome of our product innovation is to create products for the marketplace that address the needs of our customers. This approach ensures our relevance in the industry, and our role as a market leader,” Sazali added.
SESB Chief Executive Officer, Mr Hilmy Zaini said, “We are happy to continue the collaboration with PCML to develop more newly efficient and commercially viable products, which will enhance the drilling and exploration processes. Our focus now is to promote the high performance water-based mud additive in both domestic and global markets.”