- Signs two separate agreements with Paradigm Technology Services B.V. and LatConnect 60 Ltd, paving way for innovation and collaboration
KUALA LUMPUR, 1 MARCH 2024 - Leading oil & gas (O&G) services provider Deleum Berhad (“Deleum” or the “Group”), through its wholly owned subsidiary Deleum Oilfield Services Sdn Bhd, has signed two separate agreements during the Offshore Technology Conference Asia 2024 held at Kuala Lumpur Convention Centre on 29 February 2024, reiterating the Group’s aim to strengthen its technological capabilities and enhance sustainability in the Oilfield Services (OS) segment.
The event marked key partnership milestones with Paradigm Technology Services B.V. (Paradigm Technology) and LatConnect 60 Ltd, (LatConnect 60), strengthening Deleum's portfolio and its contribution for growth towards the industry progress in implementing environmental initiatives.
The first agreement with Paradigm Technology is poised to revolutionize traditional slickline operations through digitalisation of conventional slickline operations, as it introduces cost-efficient solutions to address oil well challenges, elevating operational efficiency and productivity within the OS operations, bringing enhanced value to customers.
Paradigm Technology’s innovative offerings, including the fully coated slickline and bi-directional communication system named “Slick-E-Line” and “ParaComm”, along with accompanying software, is intended to transform industry standards.
Meanwhile, in the second agreement, Deleum seeks to further enhance its existing relationship with LatConnect 60 to promote eMission60, a methane emissions monitoring solution leveraging satellite data analytics. The state-of-the-art technology delivers precise methane monitoring, enabling organisations to improve the measurement and control of emissions to meet sustainability objectives aligned with international environmental efforts.
Deleum and LatConnect 60 will expand their current partnership, which now includes the promotion of data leasing from Lat Connect 60’s high-resolution methane monitoring satellites, as they are now being developed in Australia. Both will jointly be exploring opportunities to collaborate with major international oil and gas services firms to promote data leasing services globally.
“These strategic collaborations signify our dedication to integrating innovative solutions that will not only optimise operations but also minimise environmental impact.
With Paradigm Technology, we are ushering in a new era of efficiency in slickline operations. Meanwhile, by creating ways to more accurately measure and monitor methane emissions, our partnership with LatConnect 60 demonstrates our dedication to environmental care.
We are excited to collaborate with Paradigm Technology and LatConnect 60, as these agreements reinforce our commitment to innovation and sustainability for the industry. Together, we are participating in the efforts of shaping a more sustainable future for the oil and gas industry.” - Rao Abdullah Group Chief Executive Officer, Deleum Berhad
Deleum has been honoured with the prestigious Gold Award in the Energy sector of Equities category at The Edge Malaysia ESG Awards 2023, held on 6 November 2023. This recognition highlights the Group’s unwavering commitment to Environmental, Social, and Governance (ESG) excellence.
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About Deleum Bhd
Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its three core business segments – Power and Machinery, Oilfield Services and Integrated Corrosion Solutions. Deleum is listed on the Main Market of Bursa Malaysia.
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