AGT Energy, MSI of Norway sign joint venture agreement  

AGT Energy Group Inc. has signed a three-year joint venture agreement with Marine Service International (MSI) an international organisation with the ability and experience in the maintenance and repairs of marine and offshore assets worldwide.

The agreement was signed Tuesday, May 11, 2021, at AGT Energy’s Providence, East Bank Demerara office by Danny Balkissoon, Managing Director of the AGT Energy Group, and Peter Wilhelmsen, Managing Director of Marine Service International.

MSI, a member of the Muehlhan Group, will for the next three years provide specialized services to the Oil and Gas Sector as well as training opportunities for Guyanese interested in learning about the vast list of services under the MSI umbrella. MSI specialises in providing class-approved quality services to maintain the structural integrity of its Oil & Gas clients assets worldwide, a media release stated.

MSI’s list of services includes; UHP blasting and painting, pipefitting, steel repairs and SPS overlays, refurbishment of interiors, de-mucking and industrial cleaning, rope access work, scaffolding, steel inspections, passive fire protection, NORM and asbestos abatement, replacement of heating coils and hydraulic lines in COT and asbestos removal for FPSO, FLING and FSU facilities, drilling installations, fixed oil and gas installations, cruise and commercial vessels of any type.

The MSI representatives also met with several local and multinational companies to discuss how they can work together to see local content development as well as partnerships in the oil and gas sector.

Mr. Wilhelmsen, Managing Director of MSI commenting on the signing of the agreement said “This is part of our future strategy to be present in Guyana and later Suriname. For us, it’s a huge achievement and we are confident that our agreement with AGT Energy is going to be a very successful one. We are going to be developing our operations in Guyana with the aim of having a very strong local content and hopefully develop a great company here with a lot of local support.”

MSI has over 25-years of experience in mobile shipyard services and operates globally in two main markets, Offshore Oil & Gas and Shipping. Their projects range in sizes from blasting and re-coating a slop-tank in the Mediterranean to renewing hundreds of tons of structural steel for an FPSO cargo tank rebuilt off Costa Rica. MSI’s head office is in Drøbak, Norway, with regional offices in Denmark and recently expanded into Brazil where they support offshore operations in Rio de Janeiro.

Danny Balkissoon, managing director of the AGT Energy Group said “The signing of this agreement with MSI adds significantly to our catalog of services here in Guyana, as well as builds on the country’s local content development for the oil and gas sector. My hope is that Guyanese will take full advantage of opportunities that will be provided so that we can build our workforce in the oil and gas sector, giving our clients the best and quality service in the not so distant future.”