Oilserv Limited, a leading indigenous oil and gas EPCIC Company in Nigeria is pleased to announce its joint venture with GEpetrol to expand its global footprint. The Joint Venture Agreement, which resulted in the formation of OILSERV EQUATORIAL GUINEA S.L, was signed between Oilserv Limited and GEpetrol at the GEpetrol Tower in Equatorial Guinea capital City, Malabo.
GEpetrol was established as the National Oil Company of the Republic of Equatorial Guinea by Presidential Decree on August 27, 2001 and became operational in January 2002. The company is the custodian of the State’s interest and remains at the forefront of innovation and strategic partnerships in the Equatorial Guinea oil and gas sector.
In the upstream area, GEpetrol manages the Equatorial Guinea State’s participation in petroleum contracts, markets the State’s share of production and participates in oil service activities. In the midstream area, GEpetrol is a partner in the Equatorial Guinea Liquified Natural Gas Company and in other ventures. GEpetrol also participates in general commercial ventures that enhance the economic development of Equatorial Guinea.
The Joint Venture Partnership is a collective strategic thinking aimed at driving inbound investment into the Equatorial Guinea Oil/Gas landscape and to develop the necessary local technical capacity to support the investment aimed at repositioning the national economy. In this new collaboration, Oilserv brings its vast years of technical experience and successful delivery of projects to replicate its achievements in Equatorial Guinea oil and gas industry in partnership with GEpetrol.
Source: energy mix report