New JV sets up engineering and asset integrity management firm in Guyana

New JV sets up engineering and asset integrity management firm in Guyana

Home Subsea New JV sets up engineering and asset integrity management firm in Guyana

Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana.

Guyana Group photo. Source: Axess

Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations, since its expansion to Guyana in 2021. 

These services cover an array of equipment such as cranes, lifting appliances, piping, structures, drilling and subsea equipment, and other related equipment, serving energy and service companies.

The Norwegian company noted that the Axess Glass JV is part of its local content development strategy, to broaden its talent pool and contribute to the economic growth of the countries where it operates.

Operating in Guyana since 2011, GLASS has been serving international third-party clients with a range of services including international and domestic logistics, manpower recruitment, construction, transportation, and warehouse storage facilities.

Under this JV arrangement we look forward to combining our expertise and knowledge with Axess’ decades-long experience in the energy industry, allowing both companies to benefit from the growing opportunities in the market as a full-service organisation,” said Daniel Patton, Canadian Director of GLASS. 

According to Matthew Stanley, ExxonMobil Global Account Manager at Axess Group, with the rise in oil discoveries in Guyana in recent years, it is anticipated to have more opportunities to provide a full suite of solutions to clients.

“This joint venture combines Axess’ decades-long experience in the energy industry, and GLASS’ local knowledge and expertise, enabling us to meet the needs of the expanding market as a full-service organization,” said Stanley. 

In terms of recent news coming from Axess, a subsidiary from the Axess Group – Axess Technologies signed a caisson replacement contract with Norway’s state-owned energy player Equinor for a platform located in the Norwegian sector of the North Sea.

According to Axess Technologies, the scope of work includes the replacement of four caissons on the Oseberg C platform in the North Sea. A study conducted earlier in 2023 determined that the replacement method would be similar to what was done on the Brage platform in 2018.

  • Posted: 3 months ago

In late 2022, Axess Baffin Inc., a member of Energy NL, joined its trade mission to Guyana, which aimed to widen trade partnerships between Canada and Guyana. 

Through this opportunity which involved the High Commission of Canada to Guyana, the Provincial Government of Newfoundland & Labrador, and the Guyanese Government, Axess entered into an agreement with GLASS to leverage the companies’ expertise.

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