Date release : 2015 THE OIL & GAS YEAR BRUNEI 2015 COMPANY PROFILE : Flux O.S. taken from THE OIL & GAS YEAR (TOGY) BRUNEI 2015
Has seven-year contract with Brunei Shell Petroleum to deliver well intervention and abandonment services
Heavy workover rig Flux SRD 1 deployed in September 2014 as part of contract
Flux SRD 1 rig's operations currently employ 50 people
Wholly Bruneian-owned oilfield services company FLUX O.S. inked a seven-year deal with Brunei Shell Petroleum in 2013 for well intervention and abandonment services.
The contract allows for three potential extensions of one year each. As part of the deal, heavy workover rig Flux SRD 1 was deployed for operations in Brunei in September 2014.
The rig was manufactured in Canada, while the rig package was completed in the US by Stewart and Stevenson.
Flux O.S. vision has been to expand its portfolio in the well servicing and drilling sector. As such, Flux O.S. signed a memorandum of understanding in 2014 with Omani company to look
at expanding the scope of its activities to bring in support services that include production, completion, fishing, cementing, well intervention and drilling technology.
TECHNICAL PARTNER: Project management for the Flux SRD 1 rig was done by Easternwell, a subsidiary of Australian asset management company Transfield Services. Easternwell will be Flux O.S. technical partner for five years,
supporting the contract for well intervention and abandonment services.
Under this technical agreement, Easternwell has supplied Flux O.S. with senior rig and maintenance crew to transfer technology, knowledge and expertise to local workforce. The Flux SRD 1 rig
was designed and constructed specifically for Brunei Shell Petroleum's operational requirements. Fifty people are employed as part of this contract.
EXPANSION AIM: The Department of Energy and Industry has been encouraging domestic companies to take a more active role in the country's energy industry, particularly through the goals
laid out in the Energy White Paper.
"With the rules and regulations the Department of Energy and Industry has put in place, local companies now have a fair chance in the oil and gas industry in Brunei," Supna Rania Karwanamurthi, Flux O.S. managing director,
told TOGY. "We hope to rise the technical skills and expertise of Bruneians to put them on par with international standards."
This initiative is in line with Wawasan 2035, which seeks to increase the role of local companies and small and medium sized enterprises in the economy.
The company also intends to answer the Energy White Paper's call for more local companies to start expanding abroad. "Our first goal is to increase our footprint and have stronger
foundation in Brunei," Karwanamurthi said. "But we also want to compete internationally. Hopefully, in the near future, we will be able to venture overseas and increase our global presence." Flux O.S.
began as a trading company in 2010.