STATS looks forward to securing frame agreements

Just one year on from establishing a new entity in Australia, pipeline technology specialist STATS Group (STATS), is looking forward to a bright future after securing frame agreements with some of the region’s largest Tier 1 operators. A wider market understanding of the company’s patented BISEP® double block and bleed isolation technology has laid the foundations for growth which is being realised with contract wins and formal long-term strategic relationships.

STATS has been engaged in a large variety of Australasia projects since 2017 when it made its market entry with the hot tap isolation of a 10” LPG pipeline in Victoria on behalf of a major operator, using its double block and bleed BISEP tool.

Building on a reputation for innovation and responsiveness, in 2020 STATS was awarded a long-term call-off contract by Santos to cover its assets in Queensland and South Australia.

And last year STATS expertise was in demand when the company was commissioned to complete two 12” BISEP intervention projects in Darwin, four 14” BISEP workscopes in Perth, and in Victoria’s Bass Strait provided a range of hot tapping and remote isolation services on an offshore platform.

Encouraged by positive client support and multi-billion dollar investment programmes in Australia’s energy and infrastructure sectors, last November STATS announced plans to set up a Perth-registered business with a planned investment of up to AUD 2M in equipment and support infrastructure.

This commitment is paying off with increasing numbers of oil and gas operators and contractors now opting to use STATS on pipeline intervention projects and through the establishment of frame agreements that are in place with a significant number of major gas distribution companies.

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