PETRONAS' Unit PTVSB Inks Partnership with APSM
Malaysia's Petroliam Nasional Berhad (PETRONAS) announced Wednesday that its unit PETRONAS Technology Ventures Sdn Bhd (PTVSB) and Anticorrosion Protective Systems (M) Sdn Bhd (APSM), a global pipeline inspection and rehabilitation specialist, have entered into a commercialization agreement Monday for a ground-breaking technology that allows corroded pipelines to be repaired in situ, resulting in significant cost savings.
The technology, InField Liner, is a flexible Kevlar reinforced liner installed in existing subsea pipelines that acts as a corrosion barrier, which provides protection against aggressive service conditions and extends the use of the pipeline beyond its design life. For the very first time, a technology enables corroded pipelines to be repaired on the sea bed, therefore reducing the need to spend on pipeline replacement.
APSM will manufacture and market InField Liner, PETRONAS’ proprietary subsea pipeline rehabilitation system with internal liners.
The liner system has been independently tested by a third party to meet oil and gas industry standards and it can extend the lifetime of existing pipelines by up to 30 years.
InField Liner was successfully piloted at PETRONAS Carigali Sdn Bhd’s (PCSB) Samarang field in September 2013 and a commercial trial deployed at West Lutong field in November 2014.
APSM’s Chairman, Robert Walters, said, “This is the rehabilitation system that the pipeline industry and subsea pipeline operators have been waiting for. It has the potential to radically change the way in which subsea pipeline maintenance is viewed. It may well quite literally be a game changing technology. We firmly believe that to be the case and are delighted to have been chosen as partners to PETRONAS in respect of the globalization of this unique technology.”
The agreement was formalised at a signing ceremony held today at the Malaysian Petroleum Club, KLCC, PETRONAS Twin Towers.
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