AGT Energy Group Inc. signs MoU with Aqueos to provide subsea services

Aqueos Corporation and AGT Energy Group Inc., on Wednesday signed onto a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil and gas sector.

L-R President and CEO of Aqueos, Ted Roche; , Oil and Gas Consultant for DCEL Darren Debideen; COO of Aqueos, Eric Legendre and Managing Director of AGT Energy Group, Danny Balkissoon

Aqueos currently has a five-year enabling agreement with ExxonMobil Guyana, to provide surface and deep-water commercial diving and ROV services. The company is the only approved diving contractor for ExxonMobil in Guyana.
The MoU was signed at the AGT’s local office at Providence, East Bank Demerara (EBD) by President and Chief Executive Office, Ted Roche and Managing Director of AGT Energy Group Inc. Danny Balkissoon. Also present at the signing were Chief Operations Officer of Aqueos, Eric Legendre and Oil and Gas Consultant for DCEL, Darren Debideen.
After the signing of the agreement, Roche stated, “We see this as a strategic initiative for our company since it is really important to align with the right group and that is AGT, and DCEL who will help to provide local talent.”
The CEO added that Guyana’s oil and gas sector is extremely important to the growth of the country and its people, and as such his company is committed to providing local content wherever it can.
“We remain committed to training additional Guyanese to fill the projects under our portfolio,” he added.
Aqueos Corporation is a premier provider of subsea services to both the oil and gas and civil markets in the Gulf of Mexico and the US Pacific Coast. The company provides marine construction and specialty subsea services, including commercial diving, remotely operated vehicles (ROV), and vessel services, from offices in Texas, Louisiana and California.
The company is celebrating its 20th anniversary in the marine services business.
On the other hand, AGT Energy Group Inc. is a member of the oil and gas services consortium led by Demerara Contractors and Engineers Limited (DCEL), a subsidiary of Demerara Distillers Limited (DDL).
DCEL’s Oil and Gas Consultant, Darren Debideen says “This is an exciting development for DCEL. This consortium was established to provide services to the oil and gas majors operating in Guyana, and with Aqueos already having a contract with ExxonMobil this augur well for our growth and for getting more Guyanese trained for jobs in the industry.”