PETALING JAYA: Reservoir Link Energy Bhd
(RLEB) has received a letter of award from Hibiscus Oil & Gas Malaysia Ltd (HML) for the provision of well leak diagnostic and remedial services.
In a filing with Bursa Malaysia, RLEB said the contract is for a period of three years effective from Sept 19, 2024 until Sept 18, 2027, with an extension option of one year exercisable at the sole discretion of HML.
RLEB said the contract is on a call-off basis and the total value of the contract shall be based on actual satisfactory works completed, following issuance of orders from HML for the works.
“The scope of work is to supply competent personnel, all consumables including sealant and other associated chemicals, operate associated equipment to perform the sealant treatment activities.”
It also includes executing integrity remediation activities related to pressure and time activated sealant services (independent equipment and without utilisation of slickline, e-line or coiled tubing unit) for any of HML’s pressure and time activated sealant operations occurring during the contract period.”
