Aqueos Corporation and AGT Energy Group Inc., on Wednesday, inked a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil and gas sector.
Aqueos said in a press release it currently has a five-year enabling agreement with ExxonMobil Guyana to provide surface and deep-water commercial diving and ROV services. The company said it is the only approved diving contractor for ExxonMobil in the South American country.
The MoU was signed at the AGT’s local office at Providence, East Bank Demerara, by Ted Roche, President and CEO of Aqueos and Danny Balkissoon, Managing Director of AGT Energy Group Inc. Also present at the signing were Eric Legendre, COO of Aqueos, and Darren Debideen, Oil and Gas Consultant for DCEL.
“We see this as a strategic initiative for our company since it is really important to align with the right group and that is AGT, and DCEL who will help to provide local talent,” President and CEO of Aqueos, Ted Roche commenting at the signing. “Guyana’s oil and gas sector is extremely important to the growth of the country and its people, and we’re committed to providing local content wherever we can.”
Roche said the company remains committed to training additional Guyanese to fill the projects under its portfolio.
Darren Debideen, DCEL’s Oil and Gas Consultant, said the company is excited to be entering the agreement with Aqueos.
“This consortium was established to provide services to the oil and gas majors operating in Guyana, and with Aqueos already having a contract with ExxonMobil this augurs well for our growth and for getting more Guyanese trained for jobs in the industry,” he said.
Aqueos Corporation is a provider of subsea services to both the oil and gas and civil markets in the Gulf of Mexico and the US Pacific Coast. The company provides marine construction and specialty subsea services, including commercial diving, remotely operated vehicles (ROV), and vessel services, from offices in Texas, Louisiana and California. Aqueos is celebrating its 20th year in the marine services business.
AGT Energy Group Inc. is a member of the oil and gas services consortium led by Demerara Contractors and Engineers Limited (DCEL), a subsidiary of Demerara Distillers Limited (DDL).
