Brazil: BMT Acquires Stake in Navcon

Brazil: BMT Acquires Stake in Navcon

UK’s BMT has acquired a stake in NAVCON Navegação e Controle, a Brazilian company specializing in monitoring systems for the offshore oil and gas industry.  Navcon has an advanced R&D background and widespread experience of working offshore Brazil.

Navcon’s current oil and gas activities align with those of BMT and include anchorage torpedoes and riser monitoring systems, monobuoy monitoring systems as well as metocean and wave measurement buoys.

Claudio Pires and Valter Schad, Directors at Navcon commented: “We are delighted that BMT has chosen to invest in Navcon. We are confident that our cutting edge R&D and knowledge of the Brazilian market combined with BMT’s innovative culture, drawn from working in the oil and gas industry in other territories, will provide added value to all our current and future customers.”

Peter French, Chief Executive of BMT Group Ltd, commented: “With the BRICS countries now considered to be driving the global economy, Brazil’s commercial importance has been further heightened. The new relationship with Navcon will allow BMT to enhance its technical base in-country providing skills to help further support Brazil in realising its oil and gas reserves.”

BMT made the acquisition through its subsidiary BMT Scientific Marine Services Ltda, which provides innovative integrity monitoring systems for a wide range of floating offshore oil facilities including their subsea risers and mooring systems.

The parties did not disclose financial details of the arrangement.

Offshore Energy Today Staff, February 21, 2012

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply