Local companies get into upstream oil and gas sector
The Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. have inked a Memorandum of Understanding (MoU) with Universal Plant Services (UPS) to serve the upstream and energy sector in Guyana and Suriname.
DCEL is a subsidiary of the Demerara Distillers Limited (DDL), while AGT is a member of the oil and gas services consortium led by DCEL. For context, the upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials
According to a press release from DCEL and AGT, UPS will now provide maintenance, repair and installation services for rotating, fixed, reciprocating and electrical equipment to support the energy sector in the two countries.
“The companies are engaged to provide services to multinational companies to support all services associated with the upstream sector in Guyana and Suriname, both offshore and onshore,” the press release said, adding later: “The team will work to support ExxonMobil’s offshore refining interests in Guyana.”
The MoU was signed at DCEL’s Providence, East Bank Demerara office on Thursday by Regional Vice President of UPS, Kerry Kisher; Managing Director of Demerara Distillers Limited (DDL), Ramesh Persaud, and, Managing Director of AGT Energy Group Inc. Danny Balkissoon.
“UPS is honored to enter into this agreement with DCEL and AGT Energy Group and begin work in Guyana. We understand the importance of Guyana’s oil and gas sector to the growth of the country and its people and recognize the significance this particular refining project will have on both,” Fisher was quoted as saying.
Additionally, he highlighted that UPS has successfully completed projects all over the world and is now excited to bring its expertise and passion to this project, as well as to the people of Guyana.
UPS is a Jones Industrial Holdings company that provides world-class integrated specialty services designed to maximise the performance of critical energy assets.
It is one of North America’s largest comprehensive specialty service providers and provides construction and maintenance, repair, and installation services for rotating, fixed, reciprocating, and electrical equipment to the refining, petrochemical, power generation, and offshore industries.
The company has the proven skills to guide diverse capital projects to successful completion with extensive experience operating in greenfield (new) and brownfield (existing) construction.
Oil and Gas Consultant for DCEL, Darren Debidden, while speaking on the signing of the MoU said, “We’re excited to bring UPS onto the team. They have an extensive track record as a trusted service provider to ExxonMobil, and we’re confident that experience, along with their reputation for training and community involvement, will be beneficial for this project.
“We’re confident UPS is the right partner who will be dedicated not only to the success of the project but to Guyana and its people as well”.
Meanwhile, Managing Director of DDL, Ramesh Persaud also noted that DDL is very pleased to welcome UPS to Guyana and it is happy to be having this agreement with the company so that business within the area of the oil and gas support sector can be advanced.
“We welcome them and we look forward to developing our partnership into the future,” Persaud highlighted.