Signing on behalf of PETRONAS Chemicals Marketing (Labuan) Ltd was its Chief Executive Officer, Mr Shamsairi Ibrahim and witnessed by its Head of Isononanol & Specialty Products, Madam Wong Koh Choo. Meanwhile, Scomi Oiltools Sdn Bhd was represented by the Chief Executive Officer of its parent company, Scomi Energy Services Bhd, Mr Hilmy Zaini Zainal and witnessed by its Business Unit Manager, Mr Shyawalludien Mahmad

KUALA LUMPUR,  June 25 (Bernama) -- PETRONAS Chemicals Marketing (Labuan) Ltd (PCML), a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), and Scomi Oiltools Sdn Bhd, a wholly-owned subsidiary of Scomi Energy Services Bhd (SESB), today signed two agreements for collaboration in research, development and marketing of chemical solutions.
 
The first agreement was to formalise the ongoing research and development (R&D) 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.
 
Developed at Scomi’s Global Research and Technology Centre in Shah Alam, the additive is designed to improve shale inhibition in offshore and on-shore drilling activities.
 
Commenting on the partnership, PCG Managing Director/Chief Executive Officer Datuk Sazali Hamzah said, “This partnership is advantageous for both PCG and Scomi, as it enables us to come together in creating innovative and sustainable solutions for our customers”.
 
“At PCG, 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,” Sazali added.
 
SESB Chief Executive Officer, Mr Hilmy Zaini said, “We are happy to continue the collaboration with PCML to develop more newly efficient and commercially viable products, which will enhance the drilling and exploration processes. Our focus now is to promote the high performance water-based mud additive in both domestic and global markets.” 

About PETRONAS Chemicals Group Berhad
 
PETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia. It operates a number of world class production sites, which are fully vertically integrated from feedstock to downstream end-products. With a total combined production capacity of 12.8 million tonnes per annum (tpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilisers, methanol and other basic chemicals and derivative products. Listed on Bursa Malaysia and with three decades of experience in the chemicals industry, PCG is established as part of the PETRONAS Group to maximise value from Malaysia’s natural gas resources.
 
PCG is one of the top 10 companies in the FTSE4Good Bursa Malaysia (F4GBM) Index, out of 200 largest companies ranked by market capitalisation. It is committed to ensuring that its business practices are in line with globally recognised standards for Environment, Social & Governance (ESG) practices.
 
Further details on PCG can be found at www.petronaschemicals.com.my  

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nur Akmal Ahmad
Tel: 03-2392 7356
Email: nurakmal.ahmad@petronas.com.my   

About Scomi Energy Services
 
Scomi Energy Services Bhd, which is listed on the Main Market of Bursa Malaysia Securities Bhd, and its Group of companies are involved in the Energy Services comprising of the Drilling Services and Marine Services. The Group offers drilling and completion services, development and production of oil & gas assets as well as vessels for offshore support and coal logistics. With offices in 21 countries, the Group derives most of its business from its international operations, which is backed by over 60 years of experience in the industry servicing numerous local and multinational companies.
 
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Zubaidi Harun
Tel:  03-7717 3000     
Email:  zubaidi.harun@scomigroup.com  

Source : PETRONAS Chemicals Group Berhad

--BERNAMA