Reservoir Link secures new contract from SEA Hibiscus

KUALA LUMPUR: Reservoir Link Energy Bhd’s 60%-owned subsidiary Reservoir Link Solutions Sdn Bhd has secured a contract from SEA Hibiscus Sdn Bhd for the provision of well services pumping and specialty chemicals.

SEA Hibiscus is an indirect wholly-owned subsidiary of Hibiscus Petroleum Bhd.

The oil and gas service provider, in a Bursa filing, said the scope of work includes supplying equipment, chemicals and technical support team, as well as providing a laboratory facility to conduct laboratory testing, studies and expert interpretative services as required by SEA Hibiscus to identify opportunities for wells’ production enhancement and rejuvenation.

The duration of the contract is for three years effective from April 18, 2022, to April 17, 2025.

Reservoir Link expects the contract to contribute positively to the group’s earnings for this financial year and throughout the three-year period.