Hydra Offshore, Alexander Comley in Ghana Joint Venture
Alexander Comley has signed a partnership agreement with Hydra Offshore, an indigenous oilfield services company, in developing products for Ghana’s oil sector. The agreement is in response to the Petroleum Local Content Regulation, which began operations in February 2014.
Under the agreement Hydra Offshore will partner Alexander Comley in the supply of customised flanges, pipe, tube, fittings, plate, machined, turned parts and associated pipeline supplies. In addition, Hydra Offshore will also lead in the introduction and promotion of Alexander Comley’s products and services in the oil and gas industry within Ghana.
Commenting on the agreement, the Chief Executive Officer of Hydra Offshore, Delali Otchi, said: “we are excited about this opportunity to partner one of UK’s biggest brands in customised stainless steel manufacturing with a long history of success.” He further stated that this agreement sets the tone for local indigenous firms to partner with global suppliers to develop the country’s oil and gas sector and Hydra Offshore is committed to growing local talents in support of Ghana’s economic growth.
Managing Director of Alexander Comley, Mr Chris Bourne-Hallett, commented: “We are delighted to partner Hydra Offshore and look forward to a mutually-beneficial relationship with them in this exciting venture in Ghana’s oil and gas sector.”
Press Release, June 19, 2014