Petronas has recognised APS Malaysia with an award following the successful installation of InField Liner (IFL) on multiple subsea oil and gas pipelines.
The pipelines requiring rehabilitation included in the contract are 6-10 inch in diameter and 700-3,500 m in length.
APS commenced work on the project earlier this year and has already completed the rehabilitation of four pipelines, using its InField Liner (IFL) system.
All four pipelines were at risk of being shutdown; however the installation of the IFL system has extended their service lives by up to 30 years.
Petronas also said the IFL system had saved it more than US$100 million, in Capex and Opex, since one of the systems was first installed for the company in September 2013.
APS Group’s Chairman Robert Walters said “Petronas has confirmed its strong backing of the IFL technology and its economic benefits versus pipeline replacement through these multiple contract awards and the special recognition of the outstanding job our operations team has displayed during the 2016 execution campaign.
“In the current low oil price environment operators around the world are seeking to optimise production from existing assets, with a focus on innovative, cost-effective technologies like IFL, capable of delaying asset replacement and extending asset life.
“Since the signing of the commercialisation agreement in November, 2015, that grants APS the full rights to commercialise the IFL technology worldwide, companies such as Petronas and other national and international blue-chip oil companies have recognised the value of being able to rehabilitate existing pipeline infrastructure, rather than mounting large-scale replacement operations.”
For more information visit the APS website.
If you have company news you would like covered in Pipelines International contact Assistant Editor Nick Lovering at firstname.lastname@example.org