Scomi Energy Services Bhd CEO Hilmy Zaini Zainal (second from left) exchanging the agreements with Petronas Chemicals Marketing (Labuan) Ltd CEO Shamsairi Ibrahim after the signing ceremony. Looking on are Scomi Energy business unit manager Shyawalludien Mahmad and Petronas Chemicals Marketing head of isononanol & specialty products Wong Koh Choo.
PETALING JAYA: PETRONAS CHEMICALS GROUP BHD has partnered with SCOMI ENERGY SERVICES BHD to jointly develop and market chemical solutions.
In a statement issued yesterday, Petronas Chemicals announced that its wholly-owned subsidiary, Petronas Chemicals Marketing (Labuan) Ltd (PCML) has inked two agreements with Scomi Energy’s wholly-owned subsidiary, Scomi Oiltools Sdn Bhd.
The first agreement was to formalise the ongoing research and development of chemical solutions mainly targeted for the oil and gas industry, which has commenced since 2016.
Meanwhile, the second agreement was for the commercialisation of a high performance water-based mud additive – the first product developed under the collaboration.
The additive is designed to improve shale inhibition in offshore and on-shore drilling activities.
According to Petronas Chemicals managing director and chief executive officer (CEO) Datuk Sazali Hamzah, the partnership is advantageous for both companies as it enables the creation of innovative and sustainable solutions for their customers.
“At Petronas Chemicals, the desired outcome of our product innovation is to create products for the marketplace that address the needs of our customers. This approach ensures our relevance in the industry and our role as a market leader,” stated Sazali.
Scomi Energy CEO Hilmy Zaini Zainal said that more newly efficient and commercially viable products could be developed to enhance drilling and exploration processes, via the firm’s collaboration with Petronas Chemicals.
“Our focus now is to promote the high performance water-based mud additive in both domestic and global markets,” he said.
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