Multimillion dollar deals underline Australian and Asia Pacific growth

Source: press release, 20 May 2021

Add Energy Executive Vice President, Eduardo Robaina
Add Energy Executive Vice President, Eduardo Robaina (photo: Add Energy)

An international drilling and well engineering consultancy and service provider for the energy industry has significantly strengthened its foothold in the ASPAC region by securing deals worth AUD 4.7 million.

Add Energy has recruited 4 new consultants to its 25-strong team based in Perth, WA to augment the delivery of work on behalf of a broad and growing client base, including private investment groups, vessel owners and non-operating entities, as well as traditional oil and gas operators.

Well management, production optimisation, well integrity studies, carbon capture storage well design and rig-less intervention solutions form the core of the recent work awarded. In addition to this, the team have been contracted to complete long-term service agreements for operational assets to enhance production performance by supporting the delivery of maintenance programs and assuring compliance with regulations.

Headquartered in Stavanger, Norway, Add Energy operates throughout the ASPAC region from its regional HQ in Perth, Australia and brings 30+ years of operations, drilling and well engineering experience to the provision of leading-edge solutions in the spheres of asset management; drilling and well operations; safety and risk; decarbonisation and energy transition; and training.

Commenting on the work, Executive Vice President at Add Energy, Eduardo Robaina says, “These recent contract awards recognise our well-established client relationships and a proven track record in delivering value for our clients. As the industry recovers from the COVID-19 pandemic coupled with the loss of experienced personnel, energy transition initiatives and the need to boost performance amid a cost-conscious environment, operators and clients need to outsource scopes to ensure results are delivered in line with expectations.”

“This need has been reinforced by the recent demand in requests for ‘independent verification’ of drilling and production projects, where our subject matter experts have been contracted to provide the technical validation and verification operators require to confidently move forward with project developments and de-risk projects to ensure maximum return on investment,” he adds.

Robaina continues, “These requests are likely to continue as industry activity reactivates and companies assess the need to expand their internal capabilities or enter into relationships with experienced organisations, such as ours, to support work overflow or complexity.”