Tanjung Offshore, Drilltec enter drilling rigs JV

Tanjung Offshore’s subsidiary Tanjung Offshore Services (TOS) has, on 23 October 2014, entered into a Joint Venture Agreement with Drilltec Offshore Sdn. Bhd.

The two companies will jointly undertake business in the area of marketing, managing, owning, operating, maintenance and repair, leasing, and chartering of drilling rigs for oil and gas industry in Malaysia. The JV will also provide other integrated services to the oil and gas industry.

By signing the JV agreement, TOS and Drilltec have agreed to work closely together to achieve the objective of the project and to utilise each other’s resources and expertise for the purpose of implementing the project successfully and efficiently, Tanjung explained in the release.

TOS was incorporated in Malaysia on 28 April 1983 as a private limited company with its principal business address at Kuala Lumpur.

Drilltec was incorporated in Malaysia’s Selangor.

TOS will have 51% interest in the JV company and Drilltec 49%.

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