Samudra Timur Secures Inspection Services Deal from Lundin Malaysia

Oil and gas services provider Kerjuruteraan Samudra Timur Berhad (KSTB) reported Monday that Samudra Timur Sdn. Bhd. (STSB), a wholly-owned subsidiary of KSTB has secured a contract from Lundin Malaysia B.V. to provide oil country tubular goods (OCTG) inspection services in the country, the firm said in a filing on local stock exchange Bursa Malaysia.

The contract, effective for two years with an extension option of one year, commences Sept. 15, 2015.

KSTB indicated that the value of such services depends on the demand and activity levels of Lundin as well as the scope of services rendered by STSB during the duration of the contract.

"The price and rates for each type of inspection services are stipulated in a schedule accompanying the Contract," the company said.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Rockies Area Operations Manager
Expertise: Mud Engineer / Drilling Fluids|Well Servicing & Testing
Location: Denver, CO
 
Drilling Chokes Operator
Expertise: Field Service Tech|Well Servicing & Testing
Location: Odessa, TX
 
CDL Class A Drivers
Expertise: Well Servicing & Testing
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours