Petroleum Africa
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Thursday, December 4, 2014
Atlas Development & Support Services Ltd. has announced that, in line with its expansion strategy for East Africa, it has been awarded its first support services contract in Mozambique. The contract is with an unnamed international oil company. The award underlines Atlas Development’s increasing presence in Africa’s oil & gas support services market.
Company CEO, Carl Esprey said the multi-service agreement reflects the company’s strategy of supporting early stage exploration activities with a view to securing and implementing long term development contracts. “Atlas Development has its sights set on becoming the turnkey support services company of choice in East Africa, and today’s contract with another international oil company not only marks our transition in a new strategic jurisdiction, but also validates Atlas Development’s reputation as a quality and international standard operator,” says Esprey.
The contract also marks an entry point into a new country and complements Atlas Development’s existing operational presence in Kenya, Ethiopia, and Djibouti. Esprey adds that this first contract in Mozambique could be the beacon for a new presence in the country.
“Mozambique, as with other countries in East Africa including Kenya, Ethiopia and Djibouti, holds a significant amount of potential for us. We are therefore pleased to have secured this contract to support our client’s entry into Mozambique and believe that this initial agreement will pave the way for a long term strategic presence in the country.”
Additionally the company’s board intends to further leverage its position as a market leader in the provision of turnkey support services and logistics solutions to additional operators within Mozambique’s growing market.
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