VINCI subsidiary completes acquisition of Indonesia’s IKL

Entrepose, a VINCI subsidiary, has completed the acquisition of Indonesian company PT Istana Karang Laut (IKL). IKL is a recognised player in the upstream and downstream sectors of Asia’s oil and gas industry. It has expertise in both onshore and offshore activities, notably through the design and manufacture of oil and gas production process modules and metering systems, as well as turnkey project management under EPC (engineering, procurement, construction and commissioning) contracts. The company has 130 employees and generates revenue of around €30 million.

“This acquisition confirms Entrepose’s strategy to expand geographically and diversify its activities. IKL opens up markets for us in Central and South East Asia, where demand for energy is increasing strongly and where resources have not yet been totally exploited. The company also brings us products and services in the downstream sector of the oil and gas industry. An excellent illustration of this is the contract signed on 27 April 2015 between IKL and SGFL, a state owned company in Bangladesh, for the design, construction and commissioning of a condensate fractionation plant,” says Benoît Lecinq, Chairman of Entrepose.

The acquisition also illustrates one of VINCI’s main strategic priorities: to expand in activities with high technical content in regions of the world that have strong growth potential.

Entrepose designs, builds and operates production, transport and storage infrastructure for the oil and gas industry, as well as for other energy sources. It works all over the world on onshore, offshore and underground projects:

  • Delivery of turnkey industrial, onshore and offshore facilities.
  • Installation of onshore and offshore pipelines.
  • Drilling for oil, gas, geothermal energy and water wells.
  • Construction and operation of underground storage sites.

Adapted from press release by Rosalie Starling

Published on 08/05/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

VINCI wins three pipeline contracts in Australia and Colombia

Spiecapag (VINCI Construction) has won one contract in Australia and two in Colombia.

Asian energy consumption to 2035

Energy consumption to 2035 in China and Asia is looked at in detail by BP as part of the Energy Outlook to 2035 report.

Asia downstream news update

The latest downstream news from Asia.

Asian expansion plans

Recent refinery expansion and construction plans in Asia.

Recommend magazines

  Hydrocarbon Engineering