Technics to provide technological support for Elnusa
Saturday, October 17 2015 - 04:05 AM WIB
SGX-listed Technics Oil and Gas Limited, a full service integrator of compression systems and process modules for the offshore oil and gas sector, announced Friday that its wholly owned subsidiary PT Technics Offshore Jaya (TOJ) has entered into a Joint Operation Agreement with PT Elnusa Fabrikasi Konstruksi, a subsidiary of IDX-listed integrated oil services company PT Elnusa Tbk.
The cooperation seeks to enhance Indonesia?s production capabilities and to address the country?s increasing appetite in oil and gas sector, Technics said in a statement.
Elnusa is the only Indonesian national company that has capabilities in oil and gas services, seismic, drilling and oilfield. Elnusa provides geophysical data services, oil and gas, drilling services, oilfield services and support businesses etc in Indonesia.
?Through this agreement, TOJ will provide cost-effective, environmental-friendly, cutting edge technology as well as technical support to Elnusa?s oil and gas projects throughout Indonesia,? Technics said.
The agreement seeks to improve Indonesia?s oil and gas production efficiency through the manufacturing of oil and gas equipment such as gas compressor systems, pumping systems, well test equipment and hydraulic worker units etc.; upgrading maintenance services for on-shore and offshore platform and facilities; conducting advance rig refurbishment and establishing more micro LNG plants.
Editing by Reiner Simanjuntak