Totaltec attracts funds for Guyanese oilfield services start-up

Totaltec Oilfield Services has completed its initial equity finance raising from various private investors.

Offshore staff

SEVENOAKS, UK – Totaltec Oilfield Services has completed its initial equity finance raising from various private investors.

The company intends to use the proceeds to establish a presence inGuyana and develop a locally-based oilfield services company to promote indigenous content and competence in Guyana’s emerging oil and gas industry.

Totaltec is a newly established company focused initially on supporting development ofExxonMobil’s deepwater Liza oil field discovery offshore Guyana in 2015.

It plans to provide training, engineering, technical advisory, support and consultancy services to the local Guyanese population, government and international operators and service companies in-country.

In addition, it has launched PETROGO.Org, a vehicle for promoting the offshore industry’s capabilities to clients in Guyana and providing market information to its member companies and organizations.

Totaltec’s team worked previously for Schlumberger and Welltec.

10/07/2016

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