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Vertech NZ announce extension to Master Service Agreement with MODEC Management Services

Tuesday 19th September 2017

Vertech NZ is very proud to announce a two year extension to our Master Service Agreement with MODEC Management Services for the provision of Inspection, Testing and Rope Access services across assets in the Maari oil field which is located 80 kilometres off the coast of South Taranaki, New Zealand.

The Maari oilfield is the second largest crude field in New Zealand with total reserves estimated at 49 million barrels. The field’s assets are operated by Modec and owned by partners including OMV (69%), Todd Maari (16%), Horizon Oil (10%) & Cue Taranaki (5%). Production began in 2009 with Vertech providing support services to the field for the last 3 years.

Andy McKenzie the Regional Manager commented; “this is a milestone award for the New Zealand business and I know the team feel an immense level of pride in being rewarded for their efforts the last 3 years with this extension of term. Our aim over the next two years is to continue building upon the strong working relationship formed to date as well as continuing to explore technologies and methodologies that can further add value to our client”