In a statement, the two groups said subsidiaries Petronas Chemicals Marketing (Labuan) Ltd and Scomi Oiltools Sdn Bhd signed an agreement to formalise the ongoing R&D of chemicals solutions for the oil and gas industry, which began in 2016, and a entered a second agreement to commercialise a high-performance water-based mud additive developed under the partnership.
The additive was developed at Scomi Global Research and Technology Centre in Shah Alam to improve shale inhibition in offshore and on-shore drilling activities, the statement 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," said Petronas Chemicals managing director and CEO Datuk Sazali Hamzah.
“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."
Scomi Energy CEO Hilmy Zaini added that the focus now is to promote the additive in both domestic and global markets.
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