Petronas Chemicals, Scomi to jointly develop, market chemical solutions

TheEdge Wed, Jun 26, 2019 10:05am - 4 years View Original


KUALA LUMPUR: Petronas Chemicals Marketing (Labuan) Ltd (PCML), a wholly-owned subsidiary of Petronas Chemicals Group Bhd (PCG), and Scomi Oiltools Sdn Bhd, a unit of Scomi Energy Services Bhd (SESB), have inked two agreements for a collaboration in research, development and marketing of chemical solutions.

The first is to formalise the ongoing research and development, since 2016, of chemical solutions mainly targeted at the oil and gas industry.

The second is to commercialise a high-performance water-based mud additive — the first product developed under the collaboration. The additive, developed at Scomi’s Global Research and Technology Centre in Shah Alam, is to improve shale inhibition in offshore and onshore drilling activities.

In a statement yesterday, PCG managing director and chief executive officer (CEO) Datuk Sazali Hamzah said the partnership is advantageous for PCG and Scomi, enabling them to come together in creating innovative and sustainable solutions for their respective customers.

“At PCG, the desired outcome of our product innovation is to create products for the marketplace, addressing our customers’ needs. This ensures our relevance in the industry, and our role as a market leader,” Sazali added.

SESB CEO Hilmy Zaini said: “We are happy to continue the collaboration with PCML to develop more newly efficient and commercially viable products, to enhance drilling and exploration. Our focus now is to promote the high-performance water-based mud additive domestically and globally.”

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