Kongsberg, Petronas Sign Drilling Solution Deal

Kongsberg Oil & Gas Technologies AS, a wholly owned subsidiary of Kongsberg Gruppen ASA, announced the signing of a $2.2 million software contract with Petronas Carigali, the exploration and production subsidiary of Petronas, the National Oil Company of Malaysia, to deliver SiteCom real-time drilling operations software and services for a period of four years with the option to extend the contract for an additional year.

Kongsberg called the contract significant for regional growth, as Petronas is a fully integrated oil and gas corporation controlling all of the petroleum resources in the country.

“We have been working on this opportunity with our local partner CEKAP for the past four years, demonstrating to Petronas the importance of using an independent provider for their real-time solution and of being able to take control of their drilling operations,” said Ben Lovell, VP Sales and Marketing. “With the SiteCom installation, Petronas will be able to monitor [its] key performance indicators and make use of their previous drilling experience to plan new wells. This will enable them to start realizing significant value from the real-time data that they are collecting. This is extremely important to their infrastructure for the future and a huge win for Kongsberg.”