Acteon, FAL form Middle East JV

Acteon and FAL International LLC have signed a joint venture establishing a Qatari limited liability company, TEAM Energy Resources Middle East LLC.

Offshore staff

DOHA, Qatar -- Acteon and FAL International LLC have signed a joint venture establishing a Qatari limited liability company, TEAM Energy Resources Middle East LLC.

The new company will provide key personnel to the global offshore oil and gas market, and will facilitate cross-selling of services, particularly in the fields of maintenance, production, and drilling.

The joint venture follows the merger of Aquatic Engineering & Construction's manpower division (previously sponsored by FAL International) with TEAM Energy as a consequence of Aquatic's takeover by Acteon in 2006.

David Milner will be managing TEAM Energy Resources Middle East LLC.

04/14/2008

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