Reservoir Link Energy Bhd
MMYX:RL0.28
MYR
0.00
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Reservoir Link Energy Bhd
MYX:RL
(Bursa Malaysia)
Recent
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0.28
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yld
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ROIC.AI
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- Business
- Reservoir Link Energy Bhd is an investment holding company that provides upstream oil and gas well services, renewable energy solutions, and environmental and wastewater treatment technologies. Founded in 2008 and incorporated in 2014, the company is headquartered in Kuala Lumpur, Malaysia, and delivers technical solutions to national oil companies, international exploration and production operators, independent power producers, and commercial and industrial clients across Malaysia, Singapore, Indonesia, Brunei, Vietnam, and Turkmenistan. The company operates through three principal business segments: Oil and Gas Services, Renewable Energy, and Environmental Services. Within its Oil and Gas Services segment, the company delivers comprehensive well-lifecycle support, including well intervention and work-over services; perforation services utilizing specialized wireline and tubing-conveyed systems; well leak repair and integrity testing; annulus wash and cement assurance services for well decommissioning, plugging, and abandonment campaigns; production enhancement and flow assurance solutions; formation damage diagnostic and laboratory interpretative studies; sand management technologies; specialized mechanical heating equipment; and oilfield technical manpower supply. Through its Renewable Energy segment, the company provides end-to-end engineering, procurement, construction, and commissioning services for commercial, industrial, and utility-scale rooftop and ground-mounted solar photovoltaic installations; in-house design, structural engineering, and manufacturing of solar photovoltaic mounting structures and single-axis tracking systems; integration of iron-flow long-duration energy storage systems; and solar asset ownership and maintenance. In its Environmental Services division, the company develops, constructs, operates, and maintains industrial wastewater treatment facilities. Reservoir Link Energy Bhd executes its commercial operations through specialized subsidiaries and joint ventures, including Reservoir Link Sdn. Bhd. for oilfield well intervention and abandonment services; Reservoir Link Renewable Sdn. Bhd. and RL Kenyalang Solar Sdn. Bhd. for clean energy generation projects; Founder Energy Sdn. Bhd. and Nasdaq-listed Founder Group Limited for solar structural engineering and installation operations; Maxflo for specialized downhole tool technologies; and RL Sunseap Energy for solar project development. In recent corporate developments, Reservoir Link Energy Bhd has accelerated its strategic diversification across the broader energy value chain while expanding its core oilfield operations. The company secured Gas Shipping and Import into Regasification Terminal licenses from the Energy Commission of Malaysia, marking its formal entry into the regulated natural gas distribution and supply market. In renewable energy, subsidiary RL Kenyalang Solar Sdn. Bhd. entered into a 200MWac Power Purchase Agreement with Syarikat SESCO for large-scale utility solar power supply, while the group completed the public listing of its solar unit, Founder Group Limited, on the Nasdaq exchange. In upstream oil and gas, the group was appointed to the PETRONAS panel for Carbon Capture, Utilization, and Storage initiatives, secured a multi-year annulus wash and cement assurance contract with PETRONAS Carigali, and won a two-year well intervention perforation contract from EnQuest Petroleum. Additionally, the company entered into a strategic collaboration with Propel Global Berhad and Sabah Energy Corporation to explore modular gas power plant developments in Sabah, completed the buyout of downhole technology provider Maxflo, and executed a private placement to fund ongoing capital expansion.