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African Expansion for Aker Solutions as Qserv Opens in Equatorial Guinea – posted by

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Aker Qserv is this week launching a new purpose-built facility in Equatorial Guinea to cement its coverage of the African market.

The well intervention business of the global engineering and construction services firm is setting up the new business in Malabo to complement its existing operation in Ghana and capitalise on the growing opportunities throughout the region.

The 5,000sqm site, which includes a 500sqm workshop, will support ongoing contracts with major operators including Exxon Mobil, Noble Energy, Hess and Marathon in the region.

The base, which opens on July 17th and will employ up to 20 people from both the UK and indigenous workforce, will be led by Doug Gordon, coiled tubing and pumping manager for Africa and Europe. It will provide the full range of Aker Qserv services including slickline, coiled tubing & pumping services, nitrogen services, process and pipeline services and include space to store and maintain the fleet of equipment already based in Equatorial Guinea.

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: “This new facility is an important step to achieve our growth ambitions for integrated operations, and provides the industry with a clear demonstration of our international objectives without compromising our home market operations.

“Our Ghana office has given us a platform from which to build our African operations in this growing market. Through this investment in Equatorial Guinea and other recent investments in the business, we are reinforcing our commitment to become a world-wide leader in well intervention services.

“The Aker Solutions name is already synonymous with high quality services and the four-fold coverage – UK, Norway, Asia and West Africa – that Aker Qserv is now offering is an endorsement of our global business strategy to supply international clients, wherever they may be, from the best location.”

The well intervention business unit comprises Aker Qserv in Aberdeen, Aker Well Service in Stavanger and Aker Geo and employs 1,200 people whilst operating in Europe, Africa, the Middle East, Asia Pacific and North America.

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