EEST SECURES $9+ MILLION CONTRACT FROM HIBISCUS PETROLEUM BERHAD, MALAYSIA

EEST Energy Services (Thailand) Awarded $9+ Million Contract by Hibiscus Petroleum Berhad, Malaysia for Well Workover and Plug and Abandonment Services Using Advanced EEST-502 Hybrid Hydraulic Workover Unit

Bangkok, Thailand – March 21, 2023 – EEST Energy Services (Thailand), a leading global offshore contractor and service provider, is proud to announce that it has been awarded a $9+ million contract from Hibiscus Petroleum Berhad, Malaysia, operating under T7 Global Berhad, Malaysia IWS contract.

The contract entails the provision of well workover/re-completion and well plug and abandonment services using the innovative EEST-502 Hybrid Hydraulic Workover unit. The project is set to commence in April 2023 and is scheduled for completion in July 2023.

Robert James Davidson, also known as Bob Managing Director of EEST Energy Services (Thailand), expressed his enthusiasm for the project, stating that the contract will contribute positively to the Malaysian market in terms of revenue generation, manpower, and sustaining EEST’s core business until the end of the campaign. The services provided will also be recognized for their quality and effectiveness.

EEST Energy Services (Thailand) is renowned for its expertise in delivering turnkey solutions for well intervention, well plug & abandonment, hydraulic workover, pipeline and process, tubular running, and other related services. The company’s operations are managed by a team of local and international experienced operators trained in a wide range of multi-disciplinary applications. EEST applies a dynamic approach to solving challenging problems both onshore and offshore.

The award of this contract highlights EEST Energy Services (Thailand)’s commitment to excellence and innovation in the oil and gas industry. The company looks forward to working closely with Hibiscus Petroleum Berhad and T7 Global Berhad in ensuring a successful well plug and abandonment program.

About EEST Energy Services (Thailand)

EEST Energy Services (Thailand) is a leading global offshore contractor and service provider, offering a wide range of services in the oil and gas industry. With a focus on innovation, quality, and safety, EEST delivers turnkey solutions for well intervention, well plug & abandonment, hydraulic workover, pipeline and process, tubular running, and more. The company is committed to providing clients with efficient and cost-effective solutions, driven by a team of local and international experienced operators.

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