Kuala Lumpur: Tanjung Offshore Services and Drilltec Offshore have entered into a joint-venture (JV) agreement to market and operate drilling rigs and provide ancillary services to Malaysia’s oil and gas industry.

Under the JV, the two companies will undertake the marketing, managing, owning, operating, maintenance and repair, leasing, chartering of drilling rigs for the oil and gas industry in Malaysia and provide other integrated services.

The JV agreement was signed on October 23.

Tanjung Offshore Services is a subsidiary of Malaysia-listed Tanjung Offshore. [27/10/14]