TOTALTEC Oilfield Services Limited (TOTALTEC) successfully completed its second equity finance raising from a large international investor, price undisclosed, on the 28th February.
According to media release from PR Newswire, the proceeds from this equity raising shall be used to roll out training, development, engineering, technical advisory, logistics, shore base operations and consulting services to support the development of the oil and gas industry in Guyana and across the mid-Atlantic margin.
“These are very exciting times for the industry and the region, I have never experienced a deep-water project moving as quickly forward from exploration to development as is the case with the ExxonMobil Liza Phase 1 project. This is truly a milestone and world class project being executed by one of the most capable operating E&P companies in the world and our team at TOTALTEC are enormously thrilled to be a part of this journey.
