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Aquisition
Tarpon Systems International LLC Announces Acquisition of Tarpon System From Acergy Group
HOUSTON - Tarpon Systems International LLC announced the acquisition of Tarpon System from the Acergy Group, including all patents, rights, and licenses, for an undisclosed amount. The acquisition, effective May 1, 2008, will broaden Tarpon's asset base and allow for a wider range of offshore oil and gas production solutions to include design and engineering, fabrication, installation management, and contracting.
In conjunction with JAB Energy Solutions, LLC, based out of Houston,
Texas, and Allison Marine Contractors Inc., the acquisition will also
allow for handling of larger scopes in a customer-focused environment.
"We are excited about the acquisition and believe this design was
underutilized in the past due to previous marketing and promotional
limitations," said Steve Orlando, Owner of Tarpon Systems International
LLC. "We believe the patented design of the Tarpon system is the most
efficient, reliable, marginal field development structure available on
the market today."
Tarpon Systems' marginal field development structure has proven to be
commercially attractive due to its low capital investment, early
production availability, residual value of reusable components, and
single focal point coordination. Currently, there are over fifty
installations worldwide with plans to expand an offshore presence
through enhanced marketing strategies.
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