December 19 - LLX LOG

The agreement contemplates the leasing of a total area of 52,302 sq m in the TX2, at the Açu Superport, located on the right bank of the terminal´s canal, which has a minimum 10 m water depth and 90 m quaysde. The facility to be built by InterMoor will offer logistics support and services to the offshore oil and gas industry. 

With the start up of its activities expected to 2013, InterMoor do Brasil will provide a select set of services to meet the specific needs of its customers, which include PetrobrasShell and OGX, as well as all of the major independent oil and gas companies operating in Brazil.

InterMoor do Brasil is a subsidiary of InterMoor Inc. located in Houston, Texas (USA), a global leader in providing mooring, foundations and subsea services, delivering innovative solutions for rig moves, mooring services and offshore installation projects. The Acteon Group has assembled a worldwide group of companies providing a full array of services for the full life cycle of an offshore field development.

"This is another important contract that confirms Açu Superport as the preferred destination for offshore support industry in Brazil. The TX2 terminal offers to the companies in this segment, ideal conditions for their plants, such as easy access to its own pier and to the sea through a channel of sheltered waters. The Acu Superport is at a distance of only 150 km from the Campos Basin and 250 km from the Espírito Santo Basin, which together account for 90 percent of current oil production in Brazil, " commented Otavio Lazcano, CEO of LLX.

"The TX2 development will provide an excellent platform from which to accelerate the continued growth of InterMoor and the Acteon Group companies in the Brazilian oilfield service market. InterMoor is very excited to be a part of the TX2 development as we are committed to providing the safest and most efficient services to our customers. We sincerely could not be more pleased to be a part of this landmark endeavor," stated John Riggs, managing director of InterMoor do Brasil.

TX2 is an onshore terminal consisting of a 6.5 km by 300 m canal, with 13 km of docks and a depth ranging between 10 m and 18.5 m. With a total area of 8 million sq m, the terminal offers 2 million sq m for the installation of offshore support industries and is positioned to be the leading support hub for the oil and gas industry, in addition to being able to handle coal, steel products and dry and liquid bulks.

The Açu Superport is strategically located in northern Rio de Janeiro state, in the southeast of Brazil, a region which accounts for approximately 75 percent of Brazil's GDP. Companies established in the Industrial Complex of Açu Superport will benefit from access to the railroad and highway network in addition to a safe supply of energy that is 30 percent cheaper, and VAT tax rate of 2 percent instead of 18 percent.