AGT INKS DEAL WITH SUBSEA AND MARINE SERVICE PROVIDER AQUEOS

Aqueos Corporation and AGT Energy Group Inc., on Wednesday, inked a Memorandum of Understanding (MoU) to provide subsea and other marine services to Guyana’s growing oil
and gas sector.


Aqueos currently has a five-year enabling agreement with ExxonMobil Guyana, to provide surface and deep water commercial diving and ROV services. The company is the only approved diving contractor for ExxonMobil in Guyana.


The MoU was signed at the AGT’s local office at Providence, East Bank Demerara, by Ted Roche, President and CEO of Aqueos and Danny Balkissoon, Managing Director of AGT Energy Group Inc. Also present at the signing were Eric Legendre, COO of Aqueos, and Darren Debideen, Oil and Gas Consultant for DCEL.


President and CEO of Aqueos, Ted Roche commenting at the signing said “We see this as a strategic initiative for our company since it is really important to align with the right
group and that is AGT, and DCEL who will help to provide local talent.”

Roche added that “Guyana’s oil and gas sector is extremely important to the growth of the country and its people, and we’re committed to providing local content wherever we can. We remain committed to training additional Guyanese to fill the projects under our portfolio.”

Aqueos Corporation is a premier provider of subsea services to both the oil and gas and civil markets in the Gulf of Mexico and the US Pacific Coast. The company provides marine construction and specialty subsea services, including commercial diving, remotely operated
vehicles (ROV), and vessel services, from offices in Texas, Louisiana and California.

Aqueos is celebrating its 20th year in the marine services business. AGT Energy Group Inc. is a member of the oil and gas services consortium led by Demerara Contractors and Engineers Limited (DCEL), a subsidiary of Demerara Distillers Limited
(DDL).


Darren Debideen, DCEL’s Oil and Gas Consultant said “This is an exciting development for DCEL. This consortium was established to provide services to the oil and gas majors operating in Guyana, and with Aqueos already having a contract with ExxonMobil this augurs well for our growth and for getting more Guyanese trained for
jobs in the industry.”

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