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Business News of Friday, 5 March 2010

Source: GNA

Two Nigerian oil companies to invest in Ghana's oil industry

Accra, March 5, GNA - Two leading Nigerian oil companies-Orwell International (Oil &Gas) Nigeria Limited and Africa Oilfields Service Limited (AOS), have expressed interest to invest in the fledging Ghanaian oil industry.

In order to establish their presence in Ghana, the two companies will participate in the 14th Offshore Oil and Gas West Africa Exhibition, scheduled for March 9 to March 11 in Accra.

Mr. Femi Omatayo, Managing Director of Orwell International said in Accra on Friday that the exhibition would provide a premier technical platform for the exhibitors to exchange ideas to facilitate their business development.

His AOS Counterpart, Mr. Andy Jones said the exhibition would host a conference to provide a unique networking opportunity for the exhibitors to gain understanding about the changes taking place around them.

The exhibition will also offer the oil companies, their partners and=

suppliers in the offshore industry an opportunity to showcase their produ= cts and services.

AOS provides multiple product lines to the industry such as well intervention fishing, drilling tools rental and directional drilling services. It also undertakes electric wire line, pipe recovery, machine shop manufacturing and repairs, production logging, pressure control/testing, production enhancement solutions and specialised welding services. AOS also operates a joint venture and partnership with international=

Blue-chip manufacturers of oilfield equipment thus extending its portfoli= o and scope

Orwell International is a drilling tools and well services company w= ith product lines spanning downhole tools rentals, assorted range of crossove= rs and handling equipment, fishing, milling and one-trip whipstock solutions= , geological hydrosurvey, casing and tubular running, Non-destructive testi= ng and tubular management, pigging and sales of cutting-edge new technology agency products. The tools have been designed and field proven to deliver maximum performance. Orwell was a member of the Orwell Group Aberdeen one of the largest independent equipment companies in Europe. It is now a privately owned indigenous conglomerate serving the West=

Africa Oil and Gas market from the company's operational base in Trans Amadi, Port Harcourt, Nigeria. 5 March 10