KUALA LUMPUR (July 2): Reservoir Link Solutions Sdn Bhd (RLS), a 60%-owned consulting subsidiary of Reservoir Link Energy Bhd (RLEB) (KL:RL), was appointed by Petronas Nasional Bhd (PETRONAS) as a panel contractor for integrated discovered resource assessment services under Package 2 covering carbon capture, utilisation and storage (CCUS) and contaminants.

The scope of works include data management, geological and geophysical evaluation, subsurface and surface development planning, economic analysis, and technical reporting of CCUS sites.

While the appointment does not guarantee works from PETRONAS, any works should be awarded through mini-bidding and/or direct award exercises throughout the tenure, read the filing.

The five-year appointment, effective from May 14, is expected to bring positive contributions to the company’s earnings for its financial year ending June 30, 2027 and throughout the appointment period.

RLS is a consultancy company that specialises in oil and gas technical services, cognitive data analytics, and energy transition initiatives like CCUS projects.

Reservoir Link executive deputy chairman Thien Chiet Chai said: "Securing this five-year panel appointment from PETRONAS reflects the group’s technical capabilities and growing expertise in CCUS-related services. This appointment further strengthens our position as a key player in Malaysia’s energy transition initiatives. "

RLEB shares saw a rise by 1.92% or half sen at 27 sen, valuing the group at RM101 million. Its year-to-date is up 26.19%.