Hayleys Energy Services generates Rs 100m
Oil rig testing and modification:
Hayleys Energy Services last week announced that it had completed the
testing, repair and modifications of the hydraulic work on the rig,
Lewek Explorer 600, due to be mobilized for an oil project in Bangladesh
This is the first time an oil rig has been serviced on-shore in Sri
Lanka with Hayleys Energy Services having been awarded the contract by
EMAS Energy Services (Thailand).
Chief Executive Officer of Hayleys Energy Services, Chas Charles
said, “The end-to-end logistics service offering of the Advantis Group
and the experience in handling complex logistics operations gave us the
confidence to approach EMAS and secure this new line of business for our
“We are also proud to say that this is the first time the hub concept
has been utilized in Sri Lanka for the repair and refurbishment of an
oil rig, showcasing to the world the potential in this small island,” he
said. General Manager of Hayleys Energy Services, Ricky Barnett said,
“The successful completion of this operation in Sri Lanka proves that we
are ready to serve large oil and gas companies such as EMAS Energy
This was made possible due the Government’s initiative of setting up
a Free Zone in Sri Lanka, the benefits of which we are seeing today.”
Advantis Free Zone, in Katunayake enabled a streamlined service of
storage, repair and maintenance with green channel operations, relieving
the client of all taxes and duties.
Operating in the field of Oil and Gas logistics services since 2008,
Hayleys Energy Services has been moving rigs across several countries
such as Thailand, USA, Canada, UAE and DR Congo.
Through the relationships established in the industry, Hayleys Energy
Services identified the potential savings for its client EMAS by
bringing this rig to Sri Lanka for assembly, testing and modifications.
The components of the rig were brought down from several locations
across the globe, including the main component which was stored at the
Hamriyah Free Zone in Sharjah, UAE.
The green channel operations of the Advantis Free Zone, enabled this
operation to be carried out with significant cost savings to EMAS,
whilst generating nearly Rs. 100 Million in revenue to the Sri Lankan
The unique geographical positioning of Sri Lanka and the benefits
offered through Advantis Free Zone, such as savings on mobilization and
demobilizations, duty free status, quick turnaround of customs
clearance, competitive labour and material cost, etc. enabled Hayleys
Energy Services to secure this business for Sri Lanka beating the bid
from Hamriyah Free Zone.