Integrated Rigless Well Plug and Abandonment Services to be Provided as Part of Asset Retirement Plan in the Gulf of Thailand
Bangkok, Thailand, March 19, 2023 – EEST Energy Services (Thailand) has announced today that it has been awarded a contract worth over $17+ million by PTT Exploration and Production Co., Ltd. (PTTEP). The contract entails the provision of Asset Retirement Services for Rigless well plug and abandonment (RPU) from 2023 onwards, as part of PTTEP’s G2 business plan under their asset retirement strategy in the Gulf of Thailand.
The project is set to commence in May 2023 and is expected to be completed by December 2025. With this contract, EEST anticipates significant contributions to its earnings, workforce expansion, and the sustainability of its core business until the end of the contract period.
Under the terms of the contract, EEST will perform integrated well plug and abandonment services utilizing Rigless Pulling Units and other related services in accordance with PTTEP’s requirements. The company’s vast experience and innovative approach to solving challenging problems in onshore and offshore environments make it an ideal partner for this critical project.
“We are thrilled to have been chosen by PTTEP for this important contract,” said Mr. Robert James Davidson, Managing Director of EEST Energy Services (Thailand). “Our team of local and international experts is dedicated to providing the highest quality of service, and we are confident in our ability to successfully execute the project. This partnership is a testament to our commitment to safety, reliability, and excellence.”
About EEST ENERGY SERVICES (THAILAND)
EEST Energy Services (Thailand) is a global offshore contractor and service provider specializing in a wide range of services, including well intervention, well plug & abandonment, hydraulic workover, pipeline and process, tubular running, and more. With a team of experienced local and international operators, EEST offers turnkey solutions to clients in the oil and gas industry. The company prides itself on applying a dynamic approach to solving challenging problems in both onshore and offshore environments. For more information, please visit www.eest-es.com.