PETROFAC AND DANOS FORM ALLIANCE IN USA
Danos and Petrofac, a London-based provider of oilfield services to the international oil and gas industry, have signed an agreement that will enable the formation of a Joint Venture (JV). The alliance will allow for the pursuit of joint opportunities to deliver services across the oil and gas asset life cycle, with a focus on supporting operations and asset management solutions in the Gulf of Mexico and U.S. shale plays.
The two organizations are seeking to combine their collective strengths to provide a differentiated service offering to hydrocarbon resource holders. The increased service capabilities would be deployed to support effective and cost-efficient operations across all phases of the asset life cycle including late life and decommissioning.
Danos brings a 70-year track record in Gulf of Mexico operations, with 11 integrated service lines including maintenance labor services and onshore fabrication. Petrofac, through its Engineering and Production Services business, contributes its 36 years of experience in asset management solutions to lower OPEX, lifting costs and improve efficiency.
Danos Owner and Executive Vice President Paul Danos said, “At Danos, part of our purpose is to ‘solve big challenges for our customers’. We see a clear need for new and creative solutions to solve the developing challenges brought on by the current market realities. I am excited about the strong capabilities that this alliance creates to offer relevant solutions to our customers.”
Founded in 1947, Danos is a family-owned and managed oilfield service provider. The company is headquartered in Gray, Louisiana. (Source: Danos)