COLOMBES, France, January 6 /PRNewswire/ --
- Creation of a Services Division
ENTREPOSE Contracting (ISIN FR0010204321) today announced the acquisition of CHALLENGER Special Oil Services and the creation of a services division within the group.
For over 25 years, CHALLENGER has provided expertise and services to the oil and gas industry by participating in research studies and proposing solutions for the start-up, maintenance and repair of oil, gas and petrochemical pipelines. Active worldwide, the Paris-based company has two branches in Nigeria and Malaysia and provides both onshore and offshore services to major oil and natural gas companies, including Total, BP, Shell, Exxon Mobil, Amoco, Petronas, Gaz de France and QatarGas.
Dominique Bouvier, CEO of ENTREPOSE Contracting, stated: The acquisition of CHALLENGER demonstrates our ambition to expand the range of services we offer our oil and gas clients in areas relating to our traditional lines of business. The more recurrent nature of these services will strengthen our presence alongside these sector heavyweights.
ENTREPOSE Contracting has acquired 100% of the shares of CHALLENGER Special Oil Services which will be consolidated as of 1 January 2009.
CHALLENGER's staff will join the Group's head office over the coming weeks.
About ENTREPOSE Contracting (http://www.entrepose.fr): ENTREPOSE Contracting is a group specialised in the design and construction of complex industrial projects in the oil, gas and energy sectors and shallow water operations. From creating transport and storage solutions to delivering turnkey projects, the Group is constantly developing its expertise in conceptual engineering, process design and contracting in sensitive environments. ENTREPOSE Contracting places particular emphasis on standards compliance in terms of Quality, Health Safety and Environmental Management (QHSE accreditations), and possesses unique know-how enabling it to meet the most stringent requirements in terms of the highest performance levels.
About Challenger (http://www.challenger-sos.com): For over 25 years, Challenger has provided assistance and specialised services to the oil and gas industry. Through its high value-added expertise, notably in extreme situations and exceptional operations, Challenger is now active worldwide providing both onshore and offshore services. It is the preferred service provider for the most prestigious companies in the sector.
ENTREPOSE Contracting NewCap. Clarisse Lebreton Emmanuel Huynh / Axelle Vuillermet Tel: +33(0)1-57-60-93-00 Tel: +33(0)1-44-71-94-94 entrepose@newcap.fr entrepose@newcap.fr
Full-year 2008 sales to be released on 2 February 2009 (after the markets close)
ENTREPOSE Contracting: Clarisse Lebreton, Tel: +33(0)1-57-60-93-00, entrepose@newcap.fr; NewCap. Emmanuel Huynh / Axelle Vuillermet, Tel: +33(0)1-44-71-94-94, entrepose@newcap.fr
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