EMS, Tianhe Oil form joint venture

EMS Energy Ltd.’s subsidiary Oilfield Services & Supplies Pte Ltd and Tianhe Oil Group Co. Ltd. have established Tianhe Oil (Singapore) Pte Ltd, a Singapore incorporated joint venture.

Offshore staff

SINGAPORE -- EMS Energy Ltd.’s subsidiary Oilfield Services & Supplies Pte Ltd and Tianhe Oil Group Co. Ltd. have established Tianhe Oil (Singapore) Pte Ltd, a Singapore incorporated joint venture.

The JV will trade in Tianhe Oil Group’s drilling and tools and related equipment.

Oilfield Services & Supplies holds 20% interest, and Tianhe Oil Group holds 80%.

At the same time, Oilfield Services & Supplies says it incorporated additional joint ventures in India and China to provide drilling tool repair services. In India, the JV company is Veenine High-Tech Engineers Pvt. Ltd (India), and in China, the JV company is Oilfield Services & Supplies (Tianjin) Co. Ltd. Private investors are the other shareholders in Veenine and Hou Yongji is the Tianjin venture shareholder.


06/14/2010

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