SPK-Sentosa Corporation Bhd is venturing into the oilfield services and equipment via a joint venture with the Netherland's Superior Energy Services B.V. (SES).
SPK said on Wednesday it had signed a shareholders agreement with SES and Superior Energy Services (KL) Sdn. Bhd to provide the oilfield services and equipment.
"The proposed JV will enable SPK to provide specialised oilfield services and equipment, focused on serving the drilling and production-related needs of oil and gas companies, as well as plug and abandonment and decommissioning services required at the end of a well's life," it said.
SES's major shareholder is Superior Energy Services Group B.V., which holds a 100% stake.
SPK's core activities are homes, construction, technology and oil and gas.
