Kongsberg Oil & Gas Technologies AS has signed a $2.2 million software contract with Petronas Carigali, the exploration and production subsidiary of Petronas, the National Oil Company of Malaysia.
Kongsberg Oil & Gas has agreed to deliver a class-leading SiteCom® real-time drilling operations software and services for a period of 4 years with the option to extend the contract for an additional year.
Petronas is a fully integrated oil and gas corporation controlling all of the petroleum resources in the country making this contract significant for regional growth within Kongsberg, the company explained in the release.
“We have been working on this opportunity with our local partner CEKAP for the past 4 years, demonstrating to Petronas the importance of using an independent provider for their real-time solution and of being able to take control of their drilling operations. With the SiteCom installation, Petronas will be able to monitor their key performance indicators and make use of their previous drilling experience to plan new wells. This will enable them to start realising significant value from the real-time data that they are collecting. This is extremely important to their infrastructure for the future and a huge win for Kongsberg,” Ben Lovell , VP Sales and Marketing.