Royal IHC and GranInvestimentos in Latin America Offshore Pact

Royal IHC and Brazilian company GranInvestimentos are joining forces to deliver life cycle solutions to customers in the oil and gas sector.

Through this partnership, both companies are set to increase their operational and service activities, and expand their presence in Latin America.

The association came into effect when IHC acquired a 50% share of GranEnergia – a subsidiary of GranInvestimentos that is active in the oil and gas market. The new partnership will be named GranIHC Services. It will provide integrated services in the oil and gas industry in the fields of offshore maintenance and repair, logistical services and infrastructure facilities.

Together, the companies will contribute to all stages of the value chain: designing, building, commissioning, installation, maintenance and decommissioning of equipment and vessels. In the coming years, shareholders will therefore further invest in the expansion of GranIHC Services’ business lines.

“We trust that as a single supplier, we will deliver truly unique services to the entire oil and gas market,” says Rodrigo Dantas, the new company’s CEO. “This partnership will perfectly combine the expertise of Gran, a young company with first-rate knowledge of the oil and gas market, with that of IHC’s, a long-established and world-class company that provides innovative solutions to customers all over the world.”

“The partnership with Gran is a strategic move for IHC,” adds Adriano Fernandes, IHC’s Executive Director in Latin America. “It has been our goal to increase our local presence, especially in the services area. With GranIHC, we can combine Brazilian entrepreneurship with our tradition of more than 300 years in designing and building specialist equipment and vessels.”

“The shareholders share the same principles and values and are committed to creating a leading company for oil and gas services in Latin America,” confirms Rodrigo. “By integrating the best aspects from each company, we will deliver multiple and integrated services, thereby offering a unique proposition of offshore services in Latin America.”