Well intervention technology company Qinterra Technologies won a three year services contract with Malaysia-based Petronas worth up to $20 million.
Norway-based Qinterra will provide tractor services for all of Petronas’s offshore assets in Malaysia.
The deal includes work at more than 50 wells.
Regional Manager for Asia Pacific at Qinterra Technologies Mike Henderson said that while the company has been operating in Malaysia since 2008 this deal “will give us the platform to significantly grow our footprint and expand our services throughout the region.”
Qinterra is a fully owned portfolio company of Sweden-based private equity firm EQT.
Qinterra Technologies provides wireline tractor technology and services.
It has operations in the US, Norway, UK, Canada, Middle East, Russia, Azerbaijan and Malaysia.