News | May 5, 2014

InterMoor Meets Local Content Challenge With Groundbreaking Joint Venture In Nigeria

InterMoor, an Acteon company, is finalising a joint venture 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. For InterMoor, securing a joint venture with an experienced and established partner like Century will ensure 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.”

Derrick Douglas, InterMoor’s new business development manager in Nigeria, and Osas Uwaifo, Century’s managing director for the joint venture, will manage the InterMoor offices in Lagos. Douglas brings 10 years of experience with Shell Nigeria to the job and holds an MBA from Cranfield School of Management in the UK. Uwaifo is a petroleum engineer with more than 13 years’ experience in business development and contract management in the oil and gas industry. She is currently in charge of business development and commercial activities for Century Group and has a BEng degree in petroleum engineering.

InterMoor currently has three permanent staff based in Lagos, including a local operations and a local commercial manager. It also offers shore-based support through its partner at Kidney Island and through the planned yard at the Lagos Deep Offshore Logistics Base (LADOL).

About InterMoor
InterMoor, an Acteon company, is the leading mooring, foundations and subsea services provider delivering innovative solutions for rig moves, mooring services and offshore installation projects. We support operators and contractors worldwide with our engineering, fabrication, shore base, survey and positioning and inspection services to truly provide customised solutions that reduce cost, time and risk. For more information, visit www.intermoor.com.

About Century Energy Services
Century is the largest operator of floating, production, storage and offloading (FPSO) vessels in West Africa. It co-owns and manages more than 20 offshore support vessels in Nigeria and the Gulf of Guinea. It is the flagship services and engineering subsidiary of Century Group and offers in-depth oil and gas services within Nigeria and West Africa. The company has proven expertise in the operation and maintenance of FPSOs and floating storage and offloading facilities and mobile offshore production units. For more information, visit www.ceslintlgroup.com

About Acteon
Acteon companies provide mooring, foundation, riser, conductor, flowline and marine electronics products and services supported by strong engineering and project management capabilities. Acteon’s companies are 2H Offshore, Aquatic, Claxton, Conductor Installation Services (CIS), Core Grouting Services, Fluke Subsea, InterAct, InterMoor, J2 Subsea, LDD, LM Handling, MENCK, Mirage Machines, NCS Survey, Offshore Installation Services (OIS), Probe Oil Tools, Pulse Structural Monitoring, Seatronics, Subsea Riser Products (SRP) and TEAM Energy Resources. For more information, visit www.acteon.com

About Subsea Services
Subsea services are defined as the provision of specialist equipment, services and personnel that can operate from any fit-for-purpose vessel or platform. Acteon’s subsea services offering is unique and addresses operational requirements that support oil and gas asset owners, construction and drilling companies, and vessel owners.

SOURCE: InterMoor

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