Aker Qserv has reinforced its commitment to the future development in the emerging Equatorial Guinea market with the launch of a new purpose-built facility in Malabo and the creation of around 20 jobs
p>Aker Qserv has reinforced its commitment to the future development in the emerging Equatorial Guinea market with the launch of a new purpose-built facility in Malabo and the creation of around 20 jobs
The well intervention business of the global engineering and construction services firm is setting up the new business in K5 operations base, Malabo to capitalise on the growing opportunities in the country.
The 5,000 sq m site, which includes a 500 sq m workshop, will support ongoing contracts with major operators including Exxon Mobil, Noble Energy, Hess and Marathon in the region.
The move is part of Aker Solutions strategy to quadruple its well intervention business in five years by building on the Aker Qserv business and drive international expansion through organic growth and acquisitions.
Wolfgang Puennel, executive vice-president of the well intervention division, said: “Equatorial Guinea is an increasingly important market within the oil and gas industry and this new facility is a vital step to achieve our growth ambitions for integrated operations internationally.
