Saturday, October 17, 2015

Technics Oil and Gas enters into joint-ops deal with Indonesian counterpart

Technics Oil and Gas says wholly-owned subsidiary PT Technics Offshore Jaya has entered into a joint-operations agreement with Indonesian state-owned PT Elnusa Fabrikasi Konstruksi.

Technics Oil and Gas is the full-service integrator of compression systems and process modules.

Established in 1969 to support the operations of PT Pertamina, Jakarta-listed Elnusa now provides geophysical data services, oil and gas, drilling services, oilfield services and support businesses.

Under the agreement, Offshore Jaya will provide cost-effective, environmental-friendly, cutting-edge technology as well as technical support to Elnusa’s oil and gas projects throughout Indonesia.

Technics Oil and Gas closed unchanged at 67 cents on Friday.

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