Gulf Oil and Gas accountACCOUNT

AMEC Acquires Stake in Brazilian Oil & Gas Market

Source: www.gulfoilandgas.com 9/19/2012, Location: South America

AMEC, the international engineering and project management company, announces that it has signed an agreement to acquire a 50 per cent stake in Kromav Engenharia Ltda (KROMAV), a privately owned Brazilian offshore oil and gas and marine engineering company.

KROMAV is based in Rio de Janeiro, and has a team of some 200 people specialising in engineering services for offshore platforms, FPSO (Floating, Production, Storage & Offloading) vessels and other marine applications. Their customers include Petrobras, OSX, and major EPC (engineer, procure, construct) companies and they have worked on over 400 marine and offshore projects.

Combining KROMAVís local reputation and engineering expertise with AMECís international major project delivery capability, which includes 50 global FPSO projects, will support AMECís Vision 2015 strategy to develop fully integrated service capabilities in Brazil. The company will be called AMEC KROMAV.

"This investment in Brazil is one of our foundations to delivering Vision 2015 in the oil and gas market and we are proud to associate ourselves with the technical expertise of KROMAV,Ē said Simon Naylor, President of AMECís Natural Resources Americas business.

Andy Sallis, AMECís President of Oil & Gas Americas, added: ďCombining our 30 yearsí experience of delivering onshore and offshore projects in the region with locally based resources and expertise positions AMEC KROMAV to better assist customers and regional operators in the largest deepwater market in the world.

Mergers and Acquisitions News in Brazil >>

Norway >>  12/9/2019 - Zenith Energy Ltd., has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS ("Nordic"), by way of an exchan...
Japan >>  11/25/2019 - Mitsubishi Corporation (MC) and Chubu Electric Power Co., Inc. (Chubu) have been selected as the preferred buyers in a bid for the Dutch Energy Compan...

Norway >>  11/25/2019 - Reference is made to press release dated 28 October 2019, in which Prosafe informed that the Norwegian Competition Authority had issued a Statement of...
United Arab Emirates >>  11/25/2019 - Royal Boskalis Westminster N.V. (Boskalis) has acquired the remaining 37.5% in the Horizon Group (Horizon). Earlier this year, Boskalis already acquir...

Russia >>  11/22/2019 - Gazprom Gazoraspredeleniye, a company controlled by Gazprom, successfully completed the sale of 850,590,751 ordinary shares of Gazprom (3.59 per cent ...
Oman >>  11/20/2019 - Shaleem Petroleum Company today signed an agreement to acquire Weatherford International - Oman. This included the relocation of all business and equ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.