Oilserv signs joint venture agreement with GEPetrol
Oilerv Limited, a leading indigenous oil and gas Company in Nigeria recently signed a joint venture agreement with GEpetrol, which resulted in the formation of Oilserv Equatorial Guinea S.L, to expand its global footprint.
The joint venture partnership is a collective strategic thinking aimed at driving inbound investment into the Equatorial Guinea oil/gas landscape and to develop the necessary local technical capacity to support the investment aimed at repositioning the national economy.
In this new collaboration, Oilserv brings its vast years of technical experience and successful delivery of projects to replicate its achievements in Equatorial Guineaoil and gas industry in partnership with GEpetrol.
The Chairman / Group Chief Executive Officer of Oilserv Group, Emeka Okwuosa, was quoted to have said, ‘As the clear leader in the industry today in Nigeria, we are always looking at innovative approaches to expand our business.
This Joint Venture offers Oilserv Limited a strategic foothold in one of the world’s fastest-growing economy and the third largest oil producing country in sub-Saharan Africa.
The joint venture partnership will benefit immensely from our experience and capabilities in navigating local terrains, customs, others and would create more value for the government and people of Equatorial Guinea’’.
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