Oil States, Uniao Engenharia in Brazil offshore JV

Offshore staff

HOUSTON-- Oil States International Inc. subsidiary, Oil States Industries Inc., and Uniao Engenharia Fabricacao e Montagem Ltda. have formed a joint venture company to provide deepwater production and subsea pipeline solutions to Brazil's expanding offshore construction industry.

The new venture, Oil States-Uniao S.A., will be based in Vila Velha on the Brazilian coast near Vitoria.

By combining the highly complementary technologies and capabilities of the two partner companies, they say the new venture will be able to optimize production and costs for its customers while expanding opportunities for investment in the region.

06/17/09