Demerara Contractors and Engineers Limited (DCEL), a subsidiary of Demerara Distillers Limited (DDL) and AGT Energy Group Inc. (AGT) announced today that they inked a Memorandum of Understanding (MOU) with Universal Plant Services (UPS) to serve the Guyana and Suriname upstream and energy sectors.
The MOU was signed by Kerry Fisher, Regional Vice President of UPS; Ramesh Persaud, Managing Director of Demerara Distillers Limited (DDL); and Danny Balkissoon, Managing Director of AGT Energy Group Inc. at DCEL’s Providence, East Bank Demerara office on Thursday last.
UPS, a Jones Industrial Holdings company, provides world-class integrated specialty services designed to maximize the performance of critical energy assets. As one of North America’s largest comprehensive specialty service providers, UPS provides construction and maintenance, repair, and installation services for rotating, fixed, reciprocating, and electrical equipment to the refining, petrochemical, power generation, and offshore industries.
The partners noted that UPS will now provide maintenance, repair, and installation services for rotating, fixed, reciprocating, and electrical equipment to support the energy sector in the two countries. Guyana Standard understands that the companies are engaged to provide services to multinational companies to support all services associated with the upstream sector in Guyana and Suriname, both offshore and onshore.
Furthermore, the team is expected to support ExxonMobil’s offshore refining interests in Guyana.
Following the signing, the Regional Vice President of UPS said, “UPS is honored to enter into this agreement with DCEL and AGT Energy Group and begin work in Guyana. We understand the importance of Guyana’s oil and gas sector to the growth of the country and its people and recognize the significance this particular refining project will have on both.”
Mr. Fisher added, “We’ve completed projects all over the world, and we’re excited to bring our expertise and passion to this project, as well as to the people of Guyana.”
