Nigerian oil companies invest $5m equipment in Ghana's oil sector
Two multi-national oil field service providers- Africa Oilfields Service Limited (AOS) and Orwell International (Oil&Gas) Limited, have committed $5million worth of equipment to Ghana’s oil and gas industry.
The two corporate entities plan to grow the investment to $15million, subject to demand expansion in Ghana.
The equipment will be operated at its Takoradi- based office whilst its administrative centre in Accra will provide client management services.
Ghana is recognised as one of the most promising exploration regions, offshore in West Africa, which has attracted the interest of national and international companies.
Orwell and AOS announced the capital intensive investment in Accra at the 14th Offshore Oil and Gas West Africa Conference and Exhibition, in Accra.
The event sought to offer solutions for West Africa’s offshore challenges. The exhibition also served as a platform for the oil companies, their partners and suppliers in the offshore industry an opportunity to showcase their products and services.
Mr. Femi Omatayo, Managing Director of Orwell International said in Accra that the company aspire to build local content, grow capacity and impart proven knowledge.
Mr. Andy Jones, Managing Director of AOS noted that that there is tremendous feeling of excitement within AOS and Orwell with respect to the venture.
He said the two Companies were underpinned by excellence in service delivery, training and development of human resource and the true transfer of blue chip, fit for purpose technology.
“These are the standards that will provide a true foundation for our enterprise in Ghana,” he said.
Mr. Isaac Saforo, Country Manager of Orwell said the investments in Ghana would facilitate the economic freedom of Ghanaians and expressed the hope that the best business practices that avoids waste could lead to the fulfillment of the corporate dream.
AOS provides multiple product lines to the industry such as well intervention fishing, drilling tools rental and directional drilling services.
It also undertakes electric wire line, pipe recovery, machine shop manufacturing and repairs, production logging, pressure control/testing, production enhancement solutions and specialised welding services.
AOS also operates a joint venture and partnership with international Blue-chip manufacturers of oilfield equipment thus extending its portfolio and scope.
Orwell International is a drilling tools and well services company with product lines spanning over downhole tools rentals, assorted range of crossovers and handling equipment, fishing, milling and one-trip whipstock solutions, geological hydrosurvey, casing and tubular running.
It also deals in non-destructive testing and tubular management, pigging and sales of cutting-edge new technology agency products.
The tools have been designed and field proven to deliver maximum performance.
Source: GNA