STATS Group has entered into an agency agreement with OSD Pty Ltd, targeting opportunities in the oil, gas and industrial sectors in Australia and Papua New Guinea (PNG).
The agreement comes after the company achieved positive results from a similar agency agreement covering the New Zealand market.
STATS will combine its specialised services – including pipeline isolation, repair and integrity services – with OSD’s experience as a provider of engineering, operations and commercial field services to major asset owners.
The companies have already collaborated on three successful pressurised pipeline isolation projects in New Zealand and will use this as a template to grow the businesses in Australia.
STATS has previously demonstrated its capabilities, performing both an onshore pipeline and offshore platform isolation in the Australian state of Victoria last year.
“Our patented BISEP hot tapping and plugging range of tools offer a higher level of isolation than other available options and we are delighted that major operators in Australia are embracing this new technology,” STATS Group Regional Sales Manager for Asia Pacific Gareth Campbell said.
“Specialist double-block and bleed tooling has not been readily available in the past and we have found clients value the enhanced isolation integrity we can provide for their brownfield assets.
“The template we have established with OSD in New Zealand is working extremely well and we look forward to rolling this out to tap in to the many opportunities that Australia’s onshore, offshore and emerging LNG markets has to offer.”
OSD Asset Services Manager Jarrod Woolnough said the company was pleased to extend its successful partnership with STATS, particularly as it supports OSD’s goals of providing quality solutions to industry challenges.
“Our strong organisational alignment provides a unique opportunity for pipeline operators to efficiently implement solutions that improve the overall operations, maintenance and growth activities across their asset base,” he said.
For more information visit the STATS website.
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