SCOMI GROUP BHD/DERRICK SOLUTIONS INTERNATIONAL
www.scomigroup.com.my
Company Information
Headquartered in Malaysia, Scomi Group Bhd is a global service provider, focusing on the oil and gas industry in thirty-six countries.[i]
Contact Information
Corporate Headquarters
Level 15, Menara TSR No 12,
Jalan PJU 7/3 Mutiara Damansara,
47810 Petaling Jaya ,
Selangor Darul Ehsan,
MALAYSIA
T: +603 7717 3000
F: +603 7728 5258
Turkmenistan Offices:
Scomi Oiltools Turkmenistan Ltd.
Azadt Street 95
A Navoi Street 68 “A”
Ashgabat, 74000
Scomi Oiltools Ltd. Turkmenistan
Shagadam Street 8 Office 206
204, Ferry Station Belding
745000 Turkmenbashi
History in Turkmenistan
Scomi began operations in Turkmenistan in 2005, and has been awarded three contracts by Petronas Carigali Sdn Bhd alone for work in Turkmenistan.
In 2007, Scomi was awarded a contract by Dragon Oil to provide drilling fluids. “With this contract, Scomi has captured more than 80% share[s] in both the Drilling Fluids and Drilling Waste Management market in Turkmenistan for up to two years.”[ii]
In 2008, Scomi secured another three-year contract with Petronas, comprising services in Drilling Fluids and Drilling Waste Management.[iii] Valued at approximately RM157 million,[iv] or over $46 million,[v] this contract solidified Scomi’s role as a leading oilfield services company in Turkmenistan.
As of August 2010, Scomi Oiltools and Derrick Corporation Ltd. separated, concluding long-term collaboration in countries around the world, including Turkmenistan.[vi] Derrick Solutions International lists Turkmenistan on its website summary of the countries in which it is “mobilizing personnel and inventory.”[vii]
In 2013, Scomi was awarded a two-year contract by Dragon Oil for “the provision of drilling and completion fluids services in Turkmenistan.” The contract was worth $23.53 million.[viii]
Current Scope of Operations
The company has an active training program via the Scomi Oiltools Global Research and Technology Center in Kuala Lumpur, Malaysia. The program trains chemists, technologists, and engineers from Turkmenistan, among other countries the company is active in.[ix]
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[i] Scomi, http://www.scomigroup.com.my/about/profile.asp. Original weblink no longer active.
[ii] Scomi, “Press Release: Scomi Secures RM157 Million Contract in Turkmenistan,” October 25, 2007, http://www.scomigroup.com.my/media/newsDetail.asp?intID=864. Original weblink no longer active but available at: https://www.rigzone.com/news/oil_gas/a/52073/scomi_secures_rm157_million_contract_in_turkmenistan/.
[iii] Scomi, October 25, 2007.
[iv] Scomi, October 25, 2007.
[v] Scomi Group Bhd announced this contract on October 25, 2007. As calculated by XE (http://www.xe.com/), 1 RM equaled USD .2980534795 on this date. Therefore, RM157 million equaled USD 46,794,496 on this date.
[vi] Scomi, “News Flash,” August 1, 2010, http://www.scomigroup.com.my/core/oilfield_intro20100519.asp. Original weblink no longer active.
[vii] Derrick Solutions International, https://derrick.com/. Accessed February 19, 2022.
[viii] The Edge Markets, “Scomi gets RM98.5m Turkmenistan oil contract,” https://www.theedgemarkets.com/article/scomi-gets-rm985m-turkmenistan-oil-contract, May 14, 2013. Accessed January 11, 2022.
[ix] Scomigroup, “Global Research & Technology Center,” https://scomigroup.com.my/global-research-technology-center/. Accessed January 11, 2022.