Neal&Massy in joint venture with UK oil company

Neal and Massy Energy Limited in early April signed a Memorandum of Understanding with UK-based Kvaerner Oilfield Products, setting in train the formation of a joint venture.

The primary focus of the joint venture will be to provide subsea systems for oil and gas production to both publicly traded and privately held exploration and production companies in Trinidad and Tobago. A full complement of services will be offered, including design, manufacturing, installation and maintenance of Surface Wellheads, Trees and Subsea production systems.  The Trinidad and Tobago government initiative to encourage development of organic business in the energy sector is consistent with this new joint venture by maximising local value added services, a statement from the company said.

Neal and Massy Energy Limited is a fully owned subsidiary of Neal and Massy Holdings Limited and has represented both Kvaerner and the former owner, National Oilwell, since 1932. Four generations of a new wellhead technology have been developed between the two entities in the past 70 years and have provided the support services for the highest level of safety and reliability. Kvaerner Oilfield Products is a fully integrated company providing a complete range of surface and subsea products and services for the oil and gas industry. KOP works with its customers from the front-end studies and engineering through fabrication, installation, maintenance and life-of-field support. These services are available for either new or existing fields and as individual products or complete systems.