STATS Group (STATS), has formalised an agency agreement with OSD Pty Limited, New Zealand’s largest independent pipeline service company.
OSD is a leading engineering, operations and commercial services provider to the oil and gas, pipelines and facilities, process, refining, water and hydro-transport sectors.
STATS Group specialises in the provision of pipeline isolation, repair and integrity services, including the design, supply and provision of specialised test, intervention and isolation tools, to the international oil and gas industry.
The agreement follows recent collaboration between the two companies in which STATS have completed three pressurised pipeline isolation projects for major operators in New Zealand on behalf of OSD, allowing for the safe replacement and installation of valves.
The deal has the potential to significantly increase exposure of STATS’s patented pipeline isolation technologies in the southern hemisphere and will complement recent growth in the Asian and Chinese markets.
STATS DNV GL type approved isolation tools provide fail-safe double block and bleed isolation allowing sections of pipework to be vented, creating safe worksite conditions for repair and maintenance to be carried out, often without affecting production.
STATS Group regional sales manager for Asia Pacific, Gareth Campbell, said: “This is an ideal partnership for STATS, which opens up new markets and provides opportunities to showcase our expertise in pipeline isolation, hot-tapping and valve replacement services.
“We share the same ethos as OSD in seeking to offer world-class engineering across the asset lifecycle, with a focus on technical and commercial innovation. This alliance has enjoyed an excellent start with three successful isolation projects in New Zealand and we believe our joint capabilities offer a compelling proposition for operators in the New Zealand pipeline sector.”
OSD’s general manager, New Zealand, Shane Hamnett, said: “We are delighted to be able to announce this partnership with STATS as it further supports our drive for excellence in providing world class engineering, technical and innovative solutions to industries toughest challenges.
“Jointly, our outstanding relationship and organisational alignment provides a unique opportunity for pipeline operators to efficiently implement solutions that improve the overall operations, maintenance and growth activities across their asset base.”
Read the article online at: https://www.worldpipelines.com/business-news/29112017/agency-agreement-formalised-between-stats-group-and-osd-pty-limited/