Harkand signs joint venture in AngolaCompany News // February 25, 2016
Harkand has signed a new joint venture agreement with ESOPEG Lda in Angola, its first partnership in the country and third in the region as the inspection, maintenance and repair company continues to strengthen its capabilities across West Africa.
Newly-formed company Harkand Angola Lda, based in Luanda, will focus on the development of local IRM capabilities and services in country, providing support and local content on both large major capital development projects and maintenance to existing ageing operations. It makes the full spectrum of Harkand’s ROV and diving, inspection, engineering, project management and survey services available to the Angolan market.
“Harkand is very proud to bring its technology transfer, technical expertise and training contribution to the developing local subsea oil service sector in Angola,” said general manager for Africa, Doug Fieldgate. “This new venture, combined with the operations of the Swordfish DP2 multi-purpose vessel in the country, provides a very sound and sustainable operational basis for further development and growth both in Angola and the African region as a whole. We are now in position to offer all our knowledge, assets, services and support to all of our international and locally based clients operating in the area.”
Harkand has forged a number of partnerships in the past 12 months, including oint ventures in Nigeria and Ghana.
Chief executive officer John Reed said: “Angola is amongst the most resilient of the African regions in this sustained lower oil price climate. The joint venture in this country is a key milestone in the deployment and continued growth of Harkand in Africa. It not only strengthens our ability to respond to the needs of our clients, it complements our network of partnerships and local companies already operating in Ghana and Nigeria and makes a clear statement of Harkand’s commitment to becoming an integral local and sustainable player in all the regional markets we work in.”