Weir closes $70 million deal for Gulf of Thailand project
The agreement with Thailand’s PTT Exploration and Production (PTTEP), a subsidiary of state-owned energy conglomerate PTT, represents one of the largest recent projects in South-East Asia.
This contractual agreement also further consolidates a wider regional adoption of Weir’s rig-to-grid capabilities in the market.
In the Eastern Hemisphere region, Weir Oil & Gas provides an off-the-shelf range of products, as well as customised wellhead solutions designed to meet unique specifications. The company provides in-country service and support through eight centres of manufacturing and engineering excellence, which allows the company to manufacture and distribute wellhead equipment quicker due to its proximity to customers in the region.
Weir is focused on leveraging its pressure control, oilfield services and aftermarket services in order to be the preferred supplier of pressure containment products and services for drilling and production customers in the Eastern Hemisphere, assuring best in class quality, delivery and responsiveness.
The company’s operations and maintenance offerings lead the industry in maintenance process optimisation services for brownfield/greenfield oil and gas, repair and maintenance services for power and industrial facilities, streamlining maintenance costs and reducing total cost of ownership.
“We look forward to fulfilling PTTEP’S comprehensive servicing needs for its blocks in the Gulf of Thailand by leveraging our regional technology, manufacturing presence and our local teams in Bangkok, Songkhla and Sattahip,” said Paul Coppinger, president of Weir Oil & Gas.