AETI Alliance Group to Service Brazilian Offshore Drilling, Marine Markets

At the 2008 International Work Boat Conference, hosted on December 3, 2008, American Electric Technologies entered into an alliance agreement with Five Star Services Ltda. of Macae, Brazil and Lifting Services Ltda. of Niteroi, Brazil. The newly formed AETI Alliance Group will provide full power distribution and control system design, manufacturing, and offshore services to the Brazilian offshore drilling and marine markets.

"Brazil's state-run oil company Petrobras has recently announced that it intends to build 28 new drilling rigs and 122 Production Service Vessels (PSVs) in Brazil over the coming years as it expands its deep water operations. The ability to serve the Brazilian market locally is paramount to establishing market share in this rapidly expanding market," said Beppe Askerbo, President Five Star Services.

To become the leading turn-key provider to the Brazilian market, the three companies have agreed to integrate their offerings and to begin the process to create a joint venture entity. AETI has allied with Lifting and Five Star Services to manufacture electrical switchgear and drives, and provide electrical services in Brazil. These products and services will be provided for oil and gas drilling, production and service vessels.

With the support of technology and manufacturing processes from AETI, the alliance will fabricate, assemble and test products in Brazil and deliver to local customers. These products will be commissioned and supported by local Brazilian technical service staff. Construction and installation services will also be available on a local basis. In addition, the alliance has the capability to fabricate steel modules and completely outfit drilling and marine electrical systems for cost effective installations.

Lifting Services Ltda. has provided maintenance, repair, installation, and fabrication services of electrical and electronic equipment for the offshore drilling and marine markets in Brazil for over 15 years. With DNV certification of ISO 9000/9001, Lifting's customers include major oil/gas clients including Brasdril, Edison Chouest, Frontier Drilling, Halliburton, Maersk, Modec, Noble Drilling, Pride International, SBM, Schlumberger, Tidewater, Todco, and Transocean.

"Although we were approached by several U.S. companies, AETI's experience in providing offshore marine and drilling power systems, coupled with their reputation for engineering excellence and their experience in successfully scaling international partnerships made them a perfect complement to our offshore services," said Claudius Carvalhal, Managing Director, Lifting Services.
 

Related Companies
 Company: Halliburton Companymore info
 - Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow (Aug 23)
 - Gadfly: Halliburton And Microsoft Do Not Compute For OPEC (Aug 22)
 - Oilfield Rush to High-Tech Helps Smaller Companies Thrive (Jul 27)
 Company: Maersk Drillingmore info


 - Maersk to Limit Investment in Energy Businesses until Separation (Dec 13)
 - Maersk Oil Begins Culzean Drilling Campaign (Sep 29)
 - Maersk Highlander Ready for Action (Aug 19)
 Company: Petrobrasmore info


 - Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt (Sep 18)
 - Brazil Regulator Rejects Total Study On Drilling At Amazon River Basin (Aug 29)
 - Petrobras Sends Information On Northeast Brazil Fields To Potential Bidders (Aug 28)
 Company: Tidewater, Inc.more info
 - Tidewater Maintains Weak OSV Outlook, but Positioned for Opportunities (May 28)
 - Tidewater Clinches Construction Contract with Drydocks World (Oct 6)
 - Tidewater Strengthens Senior Management Team (Apr 2)
 Company: Schlumbergermore info
 - Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low (Aug 30)
 - Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow (Aug 23)
 - Russian Watchdog Says Schlumberger-Eurasia Drilling Deal 'Has Big Problems' (Aug 16)
 Company: Transocean Ltd.more info


 - Transocean Notes Management Changes (Dec 3)
 - Transocean Has A Third Of Deepwater Rigs Seeking 2014 Work (Nov 21)
 - Transocean's Alaska Rig Contract with Shell Starts July 2014 (Nov 19)
 Company: Noble Corporationmore info


 - Diamond Profit Beats Estimates, but Rig Delays Weigh on Shares (Oct 24)
 - Colorado Residents and Oil, Gas Industry Continue Open Dialogue Efforts (Oct 4)
 - Noble Corp to Spin Off Older Drilling Rigs into New Company (Sep 25)
 Company: Pride Internationalmore info
 - Randy Stilley Comes on Board of Paragon Offshore (Feb 4)
 - Ensco Completes Pride Acquisition (May 31)
 - Pride, Ensco Enter MOU in Merger Lawsuit (May 20)
 Company: Frontier Drilling ASAmore info
 - Noble Nourishing Relationship With Shell (Jun 28)
 - Noble Expands, Enhances Global Fleet with Frontier Acquisition (Jun 28)
 - Shell Continues Evacuations from Western Gulf of Mexico Operations (Jun 28)
 Company: TODCOmore info
 - AETI Alliance Group to Service Brazilian Offshore Drilling, Marine Markets (Dec 4)
 - Hercules Merger Consideration in Acquisition of TODCO (Jul 16)
 - Hercules Completes Acquisition of TODCO (Jul 11)
 Company: MODEC Internationalmore info
 - Keppel's BrasFELS Completes Project for MODEC's FPSO (Jun 29)
 - McDermott Joins 14 Other Offshore Firms to Establish Industry Standards (May 19)
 - Keppel's Unit BrasFELS Bags $141M FPSO Contract from MODEC (Apr 7)
 Company: SBM Offshore N.V.more info
 - SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement (Jul 17)
 - Weak Oil Pushes SBM Offshore To Axe More Jobs (Aug 10)
 - FPSO Cidade de Saquarema Commences Ops at Brazil's Offshore Lula Field (Jul 13)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Cement Supervisor
Expertise: Cementing|Construction Manager
Location: Santa Fe Springs, CA
 
Sr. Water Operator
Expertise: Well Servicing & Testing
Location: Midland, 
 
Lead Wireline Operators- Rosharon, TX
Expertise: Production Operator|Wireline
Location: Rosharon, TX
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours