Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has entered into a cooperation agreement with Australia-based energy industry equipment and services provider, R&D Solutions, expanding the company’s presence in Asia Pacific.
The agreement supports Odfjell Technology’s growth plans within the country, unlocking local representation and service delivery capabilities for the company.
This means Odfjell Technology’s industry-leading well intervention services, wellbore clean up and whipstock tools are now available to service the Australian well services and deepwater markets, with plans for future growth in the regional plug and abandonment (P&A) sector.
This agreement comes after Odfjell Technology strengthened its P&A and slot recovery offering in 2024, with the acquisition of McGarian TDC Ltd.
'Expanding our reputation and relationships into Australia is a critical part of our global growth strategy. With strong localised operations already in place across South East Asia, we are confident our new cooperation agreement with R&D Solutions will enable the same excellent level of customer service and delivery for the Australian energy market,' said Paul Toner, Vice President – Middle East & Asia Pacific at Odfjell Technology.
R&D Solutions is a privately owned company with a track record of 15 years providing drilling, completion, flow control, intervention tools and services to the oil and gas and geothermal markets. Headquartered in Perth, Western Australia, the company services customers and service partners across Australia, Asia, Canada, Europe and the USA.
Doug Gillespie, Director and Managing Partner at R&D Solutions, said: 'R&D Solutions prides itself on the technology and service capabilities it has delivered to market over the years. My business partner Russell Furner and I feel Odfjell Technology complements the spirit of our motto ‘Tomorrow’s Technology Today’, bringing the next level of excellence in quality service and technology to Australia.'
Source: Odfjell Technology
