Decommissioning presents opportunities
Surendranath Dhanekula, managing director of Trans Asia Pipeline & Speciality Services, on pipeline trends
What is your scope of business in the sector?
Headquartered in Abu Dhabi, Trans Asia Pipeline & Specialty Services LLC is the leading provider of pipeline and process services to oil and gas, petrochemical and power industries. It comprises more than 300 employees with a presence in 14 countries across the world.
Trans Asia primarily works in pre-commissioning, commissioning and process services. We have physical branches stationed in all GCC countries, India and Singapore.
What trends have you noticed in your segment this year?
“WITH MOST EXISTING ASSETS NEARING THE END OF THEIR LIFE CYCLE, THERE WILL BE A HUGE GROWTH IN DECOMMISSIONING OF THESE ASSETS”
After a prolonged industry slowdown, we have seen positive trends in 2018. A number of greenfield projects are under execution across the region and there has been increased spending on projects to improve oil production by national oil companies (NOCS) and independent oil companies.
In the GCC, there has been notable spending on natural gas and a number of projects were announced and awarded this year, particularly in Saudi Arabia. We are working across the GCC on some of the largest gas production facilities onshore and offshore. We have recently been awarded a project where we are pre-commissioning almost 550km of pipelines varying from 6” to 32” for one of the biggest gas production facilities in the region.
We also see a growing trend amongst brownfield projects where old facilities are being replaced with more efficient, mod- ern technologies. We play a major role in decommissioning existing pipelines, platforms and plants, and I think the decommissioning business has just started in the region. With most existing assets are nearing the end of their life cycles, there will be huge growth in decommissioning. For the past two years we have worked on a number of decommissioning projects, particularly in the UAE and Saudi Arabia. We are also investing in modern equipment for such activities and empowering our personnel with requisite trainings and skills.
What is new at Transasia?
With the entire industry adopting advanced technologies in recent times, there has been a tremendous push from oil companies to contractors and service providers to adopt such technological measures in each contract.
For the past few years, new pipeline projects have mandatorily deployed advanced in-line inspection technologies, scrappers monitoring, real time monitoring. In response, we are investing in R&D to bring internet of things solutions to the industry. We have already carried out a succesful pilot in Europe and are working with oil companies to bring these technologies to the Middle East.
We are also working on innovative scrapping technologies, especially with non-scrapable pipelines. With growing trends in decommissioning, we strongly believe these innovative solutions will improve work schedules, safety and efficiency.
What can we expect from your company in the coming year?
We are working on a few internal projects with the aim of backward integration, so we can provide a complete, single-source solution for pipeline and process services. We are investing in R&D and developing new products and streams. We have already secured a pilot project in India for one service and by the end of 2019 we will add another two to three products and services to our portfolio with the goal of becoming an integrated pipeline & process services company in the next three years.
Trans Asia, with its philosophy of “Experience Excellence,” is on the threshold of a new dawn.
Surendranath Dhanekula, managing director of Trans Asia Pipeline & Speciality Services