KUALA LUMPUR: T7 Global Bhd, via its subsidiary, Tanjung Offshore Services Sdn Bhf (TOSSB), secured a third mini-remotely operated vehicle (mini-ROV) contract from Petronas Carigali Sdn Bhd.
The energy solution provider received a letter of award (LoA) from Petronas Carigali.
Under the LoA, TOSSB will provide platform-based underwater inspection services by utilising mini-ROV for over 30 offshore structures such as jackets and pipelines in Malaysia.
"The contract is effective for two years until August 11, 2024," it said.
T7 Global group chief executive officer Tan Kay Zhuin said this is the company's third mini-ROV contract, with the previous contracts awarded by Petronas and Pioneer Pegasus Sdn Bhd in 2019 and 2021, respectively.
Tan said the latest award from Petronas shows confidence and acknowledgement of the feasibility of T7 Global's mini-ROV solution.
"The mini-ROV business is anticipated to provide annual recurring revenue for T7 Global.
"We view this as a long-term sustainable business where technology plays a vital role in transforming how we perform inspection and maintenance works.
"T7 Global presents an innovative underwater inspection and maintenance approach in the region and welcomes offshore operators to consider our solution," he said.
The mini-ROV is one of T7 Global's early initiatives, having begun as a trial project in 2019 through its offshore construction services segment, where the company integrates compact robotic inspection technology into underwater operations.
Offshore structures must undergo regular inspection tests to verify their structural stability, and T7 Global can cater to this market more efficiently and cost-effectively.
By utilising its mini-ROV for underwater inspections and maintenance services, T7 Global's clients will enjoy valuable time and cost savings compared to the conventional underwater inspection method coupled with marine vessels.
Hence, T7 Global provides a platform for its clients to realise long-term benefits and optimise their underwater project executions.