Petroleum Africa
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Tuesday, May 6, 2014
InterMoor, an Acteon company, is in the process of finalizing a JV agreement with Century Energy Services Ltd. (Century) in Nigeria. This will be a locally registered company and fully compliant with the Nigerian Oil and Gas Industry Content Development Bill, 2010. The JV partnership with an experienced and established partner like Century ensures InterMoor an effective local engagement with the Nigerian oil and gas market.
InterMoor has been working in West Africa for 10 years with bases in Luanda and Malongo in Angola. The company also has extensive experience with rig moves and mooring campaigns in Angola and Equatorial Guinea.
Philipp Stratmann, InterMoor’s global development manager, said, “Nigeria is the largest oil producer in Africa. Expanding in Nigeria is a strategic move for us while we continue to focus on international growth and new ways to address our clients’ needs. The joint venture will ensure compliance with Nigerian local content laws and enable us to participate in the increasing number of offshore projects being conducted in the region.” Stratmann told Petroleum Africa on the sidelines of the Offshore Technology Conference (OTC) that the JV demonstrates Intermoor’s commitment to Nigeria as well as the West Africa region as a whole.
Derrick Douglas, InterMoor’s new business development manager in Nigeria, and Osas Uwaifo, Century’s managing director for the JV, will manage the InterMoor offices in Lagos.
InterMoor currently has three permanent staff based in Lagos, including a local operations and a local commercial manager. Stratmann said he expects that in one year’s time, the JV will employ “a dozen or so engineers and specialists.” The company also offers shore-based support through its partner at Kidney Island and through the planned yard at the Lagos Deep Offshore Logistics Base (LADOL). Stratmann said if fabrication is needed, the company would look to partner with local companies to meet its requirements.
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