Without a doubt it is an exciting time to be working in Asia Pacific. There is a mix of projects, some are new and under development while others are classed as mature, and each comes with its own specific set of challenges. Tendeka’s team in the region is working hard to meet client requirements in this changing and challenging market with our diverse completions systems and services portfolio.
There has been an increase in unconventional and deepwater exploration activities in China and Australia, while Malaysia has ambitious plans to become a regional oil and gas hub by 2017 and Myanmar is opening up to foreign investment.
With China in the top five world oil producers, eyes have turned to projects in Asia Pacific to meet the ever-growing demand for oil and gas. China has the largest reserves of shale gas globally and is moving towards its third shale gas licensing round. Tendeka has signed supply agreements with local partners to allow us to participate in this market with our whole range of products. The introduction of our new Frac System range will further enhance Tendeka’s reputation and will fuel our growth in the region.
Not to be left behind, Australia is home to seven of the world’s 12 LNG projects which are currently under construction. It’s estimated that the country is on target to become the world’s biggest LNG exporter within five years; production of LNG is predicted to be in the region of 90 million tonnes per annum by 2018. Tendeka is helping our Australian coal seam gas (CSG) customers meet the government’s health and safety requirements on local aquifer monitoring. Using our distributed temperature sensing (DTS) system, thermal events as small as 0.01°C can be detected allowing fracture fluid placement and coal seam contribution to be determined.
Tendeka is also on the ground in Brunei. After successfully providing FloQuest maintenance, a major operator has extended our contract for two years highlighting the value and importance of the software for optical monitoring projects.
Success is also being seen in Indonesia. Following the establishment of several local partner agreements, our new electronic gauge product line is generating interest and we have experienced a positive increase in enquiries for the product.
Tendeka’s wireless technologies and downhole power generators are also seeing significant interest from the region, with the first installation in Asia Pacific expected later this year.
Asia Pacific is one of the world’s fast-growing oil and gas regions, and everyone wants to be a part of its expected success. With a regional hub in KL, an office in China and a team of completions experts based throughout Malaysia, China and Australia, Tendeka is well placed and we look forward to playing a very active role in the energy boom of Asia Pacific.