Shoreline Acquires Majority Stake In Qitc Ltd

Shoreline Energy International, the leading Infrastructure and Energy Group focused on Sub-Saharan Africa, acquires majority stake in QITC LTD.
 
 
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March 13, 2008 - PRLog -- Shoreline today announced the closing of its acquisition of a Majority stake in Quality Inspection Testing Certification Ltd (QITC) a subsidiary of Nigerian Ropes PLC.

QITC provides quality driven inspection and testing services in conjunction with relevant certification covering drill stem; rig components and lifting equipment for the construction, gas and oil field services industry. Q/ITC was established in by a team of professional oilfield engineers and Nigerian Ropes PLC combining many years experience in Nigeria’s oilfield service sector and extensive knowledge of International service standards and their effective implementation which are increasingly important in the Nigeria.

The acquisition complements the groups existing interests in Schlumberger Testing and Production (Nig) and further consolidates its drive into the oil and gas services industry in the Gulf of Guinea.

Speaking in Lagos, Kola Karim CEO of Shoreline Energy international said “Inspection, Certification and quality management Services are going to play an increasingly important role in the oil, gas and construction industries in Africa, this acquisition positions us well to exploit the growth we are seeing across the Gulf of Guinea and further cements our place as an integrated solutions provider within the Infrastructure and Energy sectors.”

“We are very excited about working with Shoreline’s Management team as we gear up for the significant opportunities across Sub-Saharan Africa. “Said Tom George Managing Director of QITC
About Shoreline:  
Shoreline is a leading Energy and Infrastructure Group operating in Africa. Shoreline has grown rapidly through acquisition. Recent acquisitions: ABB Electrical Systems (Nigeria), Costain (West Africa) PLC, Schlumberger testing and production (Nig). The Group continues to focus on Integrated Infrastructure and Energy leadership in sub-Saharan Africa.

About QITC:
QITC provides quality driven inspection and testing services in conjunction with relevant certification covering drill stem; rig components and lifting equipment for the construction, gas and oil field services industry. QITC is led by Tom George a British national with 23 years experience in the West African NDT (non destructive testing) Oil & Gas industry and Paul Clayton who has 25 years experience in design and project engineering in the Oil & Gas industry.
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