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 engineering, procurement, construction and commissioning (EPC) contracts.
“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, chairperson 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.