BANDAR SERI BEGAWAN

A MEMORANDUM of understanding was recently signed between Gulf Energy from Oman and Flux OS Sdn Bhd from Brunei, creating a partnership through a joint venture on well services activities.

The Energy Department at the Prime Minister’s Office (EDPMO) in a statement said that Flux has a state-of-the-art workover rig package on the ground servicing Brunei Shell Petroleum assets.

With this new partnership, Gulf Energy will complement Flux by providing technical expertise on additional support services for the Brunei market.

The MoU was signed during the closing ceremony of the three-day Brunei-Oman Joint Energy Seminar 2014 at the PMO building. The Chief Commercial Officer of Gulf Energy Yasser Al Barami and the Managing Director of Flux OS Sdn Bhd Supna Karwanamurthi signed for their respective companies.

The signing was witnessed by the Minister of Energy Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Hj Mohd Yasmin Hj Umar, who was the guest of honour during the seminar.

The MoU was a result of the business matching session that was participated by over 30 oil and gas service companies.

Three further joint venture partnerships will be formed between Serikandi Oilfield Services Sdn Bhd with Falcon Oil Field Services, Bestwide Advance Technology Sdn Bhd with Target Oilfield Services, and Brunsfield Sdn Bhd with RAY International Oil and Gas, EDPMO said.

The Brunei Times