AMEC

AMEC, a UK-based international engineering and project management company, has entered into a deal to purchase a 50% stake in a Brazilian oil and gas company, Kromav Engenharia, for an undisclosed amount.

KROMAV is a provider of engineering services for offshore platforms, floating, production, storage and offloading vessels, along with other marine applications.

Headquartered in Rio de Janeiro, the company has a team of some 200 people which has worked on 400 marine and offshore projects.

The acquisition is expected to combine KROMAV’s engineering expertise with AMEC’s international major project delivery capability.

A new integrated service capability firm, to be named AMEC KROMAV, will be established in Brazil. The new company is in line with AMEC’s ‘Vision 2015’ strategy.

Simon Naylor, AMEC Natural Resources Americas business president, said: "This investment in Brazil is one of our foundations to delivering Vision 2015 in the oil and gas market, and we are proud to associate ourselves with the technical expertise of KROMAV."

Andy Sallis, AMEC Oil and Gas Americas president, said that: "Combining our 30 years’ experience of delivering onshore and offshore projects in the region with locally based resources and expertise positions AMEC KROMAV to better assist customers and regional operators in the largest deepwater market in the world."

AMEC is a supplier of consultancy, engineering and project management services.


Image: Aoka Mizu FPSO, Bluewater. Photo courtesy of: AMEC.