WAIRAEKI, NEW ZEALAND: November 7, 2016 / — TNG Enterprises Inc. (“TNG”) announced today that it has signed an agreement with Century Drilling & Energy Services (NZ) Ltd (“MB Century”), a single-source geothermal and energy service provider based in New Zealand known worldwide for their preeminent expertise with extraction, logging, steam field design, construction and generation plant maintenance.
The agreement outlines a partnership that introduces TNG’s geothermal wellhead equipment repair tool (GWERT) otherwise known as their rigless valve change solution into New Zealand to service its geothermal capacity of over 850 MW supported by powerful geothermal wells throughout the nation, many of which need some type of wellhead maintenance or intervention. TNG’s unique service offering, years of geothermal experience and a growing Asia Pacific presence in the Philippines, Indonesia, and Japan – partnered with MB Century’s in-depth geothermal portfolio and in-country presence made this a highly relevant and strategic initiative for both entities.
“We are thrilled for the opportunity to work with MB Century to expand and enhance their well-maintenance geothermal service offerings as well as further substantiate the TNG brand as a leader in Asia Pacific. MB Century’s breadth of services and geothermal expertise will help support the introduction of TNG’s proven rigless valve change solution and bring recognized value to MB Century’s existing customer base,” said Patrick Hanson, Director, Sales and Marketing at TNG. “This partnership provides New Zealand with a safe, cost-effective and highly mobile alternative to their valve change needs that will expedite, re-capture and maximize its geothermal resources on a well-by-well basis.”
“MB Century is delighted to work with TNG and to have the opportunity to introduce the world-class GWERT service to New Zealand” said Marcel Manders, Chief Executive of MB Century. “Our partnership is exciting for both our company and for the prospects it provides geothermal well owners in New Zealand”.
About TNG Enterprises Inc. TNG is a leading family of geothermal service providers focused on wellhead and valve sales, inspection, service and repair. For nearly 20 years, TNG has been committed to excellence through superior customer service, unmatched quality of equipment and the highest safety standards. TNG is the only rigless geothermal wellhead repair company in the industry, offering an economic and efficient wellhead repair service that can mobilize anywhere. For more information, please visit http://tngenergyservices.com
About MB Century. MB Century offers the full range of geothermal and energy services across the extraction and power generation life cycle. World-class . MB Century focuses on providing high quality and technical expertise in geothermal extraction, construction, reservoir data logging, generation plant maintenance, steamfield design and engineering. For more information visit http://www.mbcentury.co.nz/
TNG Enterprises Inc.