Latest news with #ETSA
New Straits Times
14-05-2025
- Business
- New Straits Times
Keyfield, Elnusa eye marine services ventures in Indonesia
KUALA LUMPUR: Keyfield International Bhd's unit Keyfield Offshore Sdn Bhd has signed a memorandum of understanding (MoU) with an Indonesian company to explore marine services collaboration in the country. The MoU with PT Elnusa Tbk's subsidiary PT Elnusa Trans Samudera focuses on leveraging their respective capabilities and resources. The partnership will explore and pursue various marine services opportunities, primarily within the oil and gas sector, as well as other related industries across Indonesia. ETSA will be primarily responsible for sourcing and securing tenders. Keyfield will support ETSA by sourcing selected marine assets, particularly cable-laying and subsea vessels, as well as experienced crew members to operate the required assets. Upon securing a project, both parties will enter into a separate agreement to formalise the terms and conditions of the project. ETSA is a member of the Elnusa Group, a renowned entity within Indonesia's oil and gas industry. The company provides marine transportation support services for the oil and gas industry in Indonesia. Keyfield group chief executive officer and executive director Datuk Darren Kee said the collaboration aims to provide reliable vessel services tailored to Indonesia's dynamic offshore sector. "By combining Keyfield's technical expertise and fleet capabilities with ETSA's local market knowledge and presence, we are well-positioned to deliver comprehensive marine support solutions in one of Southeast Asia's most dynamic energy markets," he said in a statement. PT Elnusa Tbk president director Bachtiar Soeria Atmadja said the MoU will strengthen synergies within the marine and offshore services sector, particularly in supporting the increasingly complex and demanding offshore operations and service development.
The Star
14-05-2025
- Business
- The Star
Keyfield Offshore and ETSA sign MoU to explore marine services in Indonesia
Keyfield group CEO and executive director Datuk Darren Kee KUALA LUMPUR: Keyfield International Bhd's wholly owned subsidiary, Keyfield Offshore Sdn Bhd (KOSB), has entered into a memorandum of understanding (MoU) with PT Elnusa Trans Samudera (ETSA). ETSA, is a subsidiary of PT Elnusa Tbk, an Indonesian company primarily engaged in the provision of marine transportation support services for the oil and gas industry in Indonesia. In a statement, Keyfield said the MoU formalised a collaborative framework between the two parties, aimed at leveraging their respective capabilities and resources to explore and pursue various marine services opportunities, primarily within the oil and gas sector, as well as other related industries across Indonesia. Under the MoU, ETSA will be primarily responsible for sourcing and securing tenders while Keyfield will support ETSA by sourcing selected marine assets, particularly cable-laying and subsea vessels, as well as experienced crew members to operate the required assets. Upon successfully securing a project, both parties will enter into a separate agreement to formalise the terms and conditions of the secured project. 'This MoU marks an exciting step forward in our international expansion plans. Together, we aim to provide reliable vessel services tailored to Indonesia's dynamic offshore sector. By combining Keyfield's technical expertise and fleet capabilities with ETSA's local market knowledge and presence, we are well-positioned to deliver comprehensive marine support solutions in one of Southeast Asia's most dynamic energy markets,' Keyfield group CEO and executive director Datuk Darren Kee said. Meanwhile, ETSA president director Bachtiar Soeria Atmadja said the signing of the MoU marked a strategic step and significant momentum in strengthening synergies within the marine and offshore services sector, particularly in supporting the increasingly complex and demanding offshore operations and service development. 'As part of Pertamina's Subholding Upstream, PT Elnusa Tbk is strongly committed to continuously expand its service capabilities, including through our subsidiary, ETSA, which plays a vital role in supporting the national maritime industry,' he said.
Zawya
29-04-2025
- Business
- Zawya
Kuwait, Shell renew 3 technical services pacts
State-owned Kuwait Oil Company (KOC) and Shell have signed the extension of the three Enhanced Technical Services Agreements (ETSAs) between them. The ETSA agreements cover technical services to be performed by Shell to assist KOC in its production plans for the Northern and Western fields, and gas development. The agreements were signed on Monday by Fahad Al-Kharqawi, Acting CEO and Deputy CEO for Project Management and Engineering at KOC, and Anwar Almutlaq, Kuwait Vice President and Country Chair at Shell. The extension of the ETSAs, originally signed in 2016 and were valid for 10 years each, extend the services through 2029 respectively. The strategic extension of this collaboration is aligned with KPC's long-term objectives to boost production capacity to 4 million barrels per day of crude oil and 2 billion cubic feet per day of gas by 2040, while maintaining a resilient and sustainable energy sector, KOC said in a statement. 'It will leverage KOC and Shell's joint dedication to driving innovation and excellence in Kuwait's oil and gas industry. Shell will deploy advanced technological capabilities and expertise, ensuring the implementation of innovative solutions to enhance oil production and operational efficiency in Kuwait's Northern oil fields.' KPC CEO Shaikh Nawaf stated: 'These collaborations are essential to unlock value, optimise our resources and demonstrate our commitment to finding innovative solutions by working with leading players in the global oil and gas industry." (Writing by Nadim Kawach; Editing by Anoop Menon)
