The company will continue to provide these services for Santos’ Australian onshore operations for a period of three years with a further two year option.
Santos is a gas producer, with operations throughout Australia, and in Indonesia, Papua New Guinea, Vietnam, India, Bangladesh and the Kyrgyz Republic.
Rheochem CEO Haydn Gardner said that Santos is a significant customer for Rheochem and this contract underpins the revenue base of the drilling fluids business for a further three years.