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British business receives boost in Monagas from UKTI Venezuela

UKTI Venezuela team members from the British Embassy visited Monagas state to promote UK business capabilities and investment opportunities.

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UKTI Venezuela's briefing in Maturin

During a visit to Venezuela’s north-western state, the Embassy team briefed 30 members of the Monagas Chapter of the Venezuelan Oil and Gas Chamber of Commerce on UK’s offshore experience in the North Sea and the opportunities for partnership with British companies.

Offshore technology, exploration and production, processing, distribution and transportation, training and support, safety and decommissioning were some of the topics discussed during this session. Participating companies included Schlumberger, Halliburton, Arc Services, Proamsa, Sysvencol, Gama Engineering, Metaltek, Venice & Services, Genelectro, Venequip and Vepica.

Illustrating the range of British companies successfully operating in Venezuela, the Embassy team highlighted the examples of ALE Heavylift (extra heavy freight transportation) and Flowstream (valve manufacturers), whose services and products have been used in the PDVSA Deep Conversion Project in Puerto La Cruz.

Future companies looking to enter the Venezuelan market include Safehouse Habitats, an innovative manufacturer of pressurised safe working environments for use in high risk areas, and FluidOil, whose ground-breaking technology provides in-situ upgrading services for extra-heavy crude. Other companies exploring the market include Tentec, (hydraulic tools and torque measurement), Equalizer International (hydraulic tools), Norbar (torque tools) and Brush Generators (turbo-generator manufacturers).

UK Trade Mission to Caracas and Puerto La Cruz

The Embassy announced the visit of a group of UK oil and gas companies to Venezuela in November. Organised in alliance with the EIC (Energy Industries Council), the delegation of British companies will visit Caracas on 25-26 November and Puerto La Cruz on 27-29 November 2013.

The companies are expected to meet with representatives from Venezuelan State oil giant PDVSA, international oil companies and Venezuela’s private sector to share experiences and to explore possible partnerships with Venezuelan companies.

Published 12 September 2013