KOIL Energy Announces Expansion into Brazil with a New Manufacturing and Service Support Facility
KOIL Energy Solutions (OTCQB: KLNG) has announced its expansion into Brazil with a new technology center in Macaé, marking a strategic move into the world's largest subsea market. The company has leased a 180,000 sq ft property with a 27,000 sq ft workshop that will accommodate engineering, manufacturing, testing, and service support activities.
The expansion is aligned with Brazil's goal to become one of the top five oil producers by 2030. The facility will operate under the newly established subsidiary, KOIL Energy Solutions Brasil LTDA. Located in Macaé, known as 'Cidade do Petróleo' and the center of Brazil's offshore petroleum industry, this expansion represents a significant step in KOIL Energy's growth strategy to support subsea customers in the region.
KOIL Energy Solutions (OTCQB: KLNG) ha annunciato la sua espansione in Brasile con un nuovo centro tecnologico a Macaé, segnando una mossa strategica nel mercato sottomarino più grande del mondo. L'azienda ha affittato una proprietà di 180.000 piedi quadrati con un laboratorio di 27.000 piedi quadrati che ospiterà attività di ingegneria, produzione, collaudo e supporto ai servizi.
L'espansione è in linea con l'obiettivo del Brasile di diventare uno dei primi cinque produttori di petrolio entro il 2030. La struttura opererà sotto la nuova filiale, KOIL Energy Solutions Brasil LTDA. Situata a Macaé, conosciuta come 'Cidade do Petróleo' e centro dell'industria petrolifera offshore del Brasile, questa espansione rappresenta un passo significativo nella strategia di crescita di KOIL Energy per supportare i clienti sottomarini nella regione.
KOIL Energy Solutions (OTCQB: KLNG) ha anunciado su expansión a Brasil con un nuevo centro tecnológico en Macaé, marcando un movimiento estratégico en el mercado submarino más grande del mundo. La empresa ha alquilado una propiedad de 180,000 pies cuadrados con un taller de 27,000 pies cuadrados que albergará actividades de ingeniería, fabricación, pruebas y soporte técnico.
La expansión está alineada con el objetivo de Brasil de convertirse en uno de los cinco principales productores de petróleo para 2030. La instalación operará bajo la nueva subsidiaria, KOIL Energy Solutions Brasil LTDA. Ubicada en Macaé, conocida como 'Cidade do Petróleo' y el centro de la industria petrolera offshore de Brasil, esta expansión representa un paso significativo en la estrategia de crecimiento de KOIL Energy para apoyar a los clientes submarinos en la región.
KOIL Energy Solutions (OTCQB: KLNG)는 브라질 마카에에 새로운 기술 센터를 설립하며 세계에서 가장 큰 해저 시장으로의 전략적 진출을 발표했습니다. 이 회사는 18만 평방피트의 부동산을 임대했으며, 2만 7천 평방피트의 작업장이 있어 엔지니어링, 제조, 테스트 및 서비스 지원 활동을 수용할 수 있습니다.
이번 확장은 브라질이 2030년까지 세계 5대 석유 생산국 중 하나가 되는 목표와 일치합니다. 이 시설은 새로 설립된 자회사인 KOIL Energy Solutions Brasil LTDA 아래에서 운영됩니다. 마카에에 위치하며 '석유의 도시'로 알려진 이곳은 브라질의 해양 석유 산업의 중심지로, 이번 확장은 KOIL Energy의 성장 전략에서 지역의 해저 고객을 지원하기 위한 중요한 단계입니다.
KOIL Energy Solutions (OTCQB: KLNG) a annoncé son expansion au Brésil avec un nouveau centre technologique à Macaé, marquant un mouvement stratégique dans le plus grand marché sous-marin du monde. L'entreprise a loué une propriété de 180 000 pieds carrés avec un atelier de 27 000 pieds carrés qui accueillera des activités d'ingénierie, de fabrication, de test et de support technique.
Cette expansion est alignée avec l'objectif du Brésil de devenir l'un des cinq plus grands producteurs de pétrole d'ici 2030. L'installation fonctionnera sous la nouvelle filiale, KOIL Energy Solutions Brasil LTDA. Située à Macaé, connue sous le nom de 'Cidade do Petróleo' et centre de l'industrie pétrolière offshore du Brésil, cette expansion représente un pas significatif dans la stratégie de croissance de KOIL Energy pour soutenir les clients sous-marins de la région.
KOIL Energy Solutions (OTCQB: KLNG) hat seine Expansion nach Brasilien mit einem neuen Technologiezentrum in Macaé angekündigt, was einen strategischen Schritt in den größten Unterwasser-Markt der Welt darstellt. Das Unternehmen hat eine 180.000 Quadratfuß große Immobilie mit einer 27.000 Quadratfuß großen Werkstatt gemietet, die Ingenieur-, Produktions-, Test- und Serviceunterstützungsaktivitäten beherbergen wird.
Die Expansion steht im Einklang mit dem Ziel Brasiliens, bis 2030 einer der fünf größten Ölproduzenten zu werden. Die Einrichtung wird unter der neu gegründeten Tochtergesellschaft KOIL Energy Solutions Brasil LTDA betrieben. In Macaé gelegen, bekannt als 'Cidade do Petróleo' und Zentrum der Offshore-Ölindustrie Brasiliens, stellt diese Expansion einen bedeutenden Schritt in der Wachstumsstrategie von KOIL Energy dar, um Unterwasserkunden in der Region zu unterstützen.
- Strategic expansion into world's largest subsea market
- Large facility secured: 180,000 sq ft property with 27,000 sq ft workshop
- Established local subsidiary in high-growth market
- Positioned to capitalize on Brazil's oil production expansion plans
- None.
The company’s growth strategy advances in Brazil to support subsea customers
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) a leader in providing controls infrastructure for subsea oil and gas fields, today announced its expansion into Brazil, with a new technology center for manufacturing and service support in Macaé.
“Macaé represents an exciting new chapter for KOIL Energy as we establish our presence in Brazil, the largest subsea market in the world,” said Erik Wiik, KOIL Energy’s President and CEO. “This facility is expected to play a key role in our growth strategy, and we are grateful for the strong partnership and support from local customers and suppliers.”
Macaé is generally considered to be the center of the offshore petroleum industry in Brazil, and it is often referred to as "Cidade do Petróleo." KOIL Energy has leased a 180,000 sq ft property with offices and a workshop of 27,000 sq ft. The facility will house engineering, manufacturing, testing and service support activities.
“KOIL Energy's decision to prioritize Brazil in its growth strategy is driven by this country's ambitious plan to become one of the top five oil producers in the world by 2030 and maintain that position for years to come,” said Gustavo Goncalves, Managing Director of KOIL Energy in Brazil. “KOIL's product portfolio is perfectly suited to support Brazilian operators on this exciting growth journey.”
The subsidiary, KOIL Energy Solutions Brasil LTDA, has been established as the legal entity for KOIL Energy’s operations in Brazil. The company’s head office is in Houston, Texas, United States.
About KOIL
KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997 in Houston, Texas, the company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit www.koilenergy.com to learn more.
Investor Relations Contact: ir@koilenergy.com
Sales Contact: sales@koilenergy.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1b655ba-31ee-4655-bcdd-33e57e905d1f
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