ADC Energy's $2 million Malaysia contract paves way for Asia-Pacific growth

Dynamic integrated rig inspections provider ADC Energy has secured a contract worth US $2 million with a US-based global infrastructure operator in Malaysia, the company said on Monday.  

As part of the scope of the exploration and production contract, ADC Energy will provide inspection and operational assurance audits of mobile offshore drilling units, fixed installations, and hydraulic workover units, the company said. The award comes as ADC Energy reported strong first half results for 2021 with new business wins totalling US $6.76 million.

“After working with the client for more than a decade internationally, we were pleased to be invited to tender for rig inspection services for their Malaysian operations,” Harnil Singh, APAC operations manager at ADC Energy said in a statement. 

“The company was not only impressed with our technical knowledge, but also encouraged by our longstanding experience in the region and ability to provide expert support on site through our regional team in Malaysia for the duration of the contract,” he said.

ADC Energy has also been auditing an LNG company to help select and identify drilling rigs which can be repurposed for the firm’s LNG operations globally. In addition, the rig inspection specialist is working on new build assurance and commissioning oversight for a number of clients in Singapore, China, and South Korea.

“As drilling activity continues to increase in Malaysia and the wider APAC region, we have seen an uptick in the number of new build drilling units being awarded contracts.  We have been working closely with several rig owners and operators to ensure these units, which have been sitting idle for the past few years, enter their maiden contracts operating as designed safely and efficiently,” Singh said.