KOIL Energy's Strategic Expansion into Brazil: A Boon for Subsea Services

KOIL Energy Solutions, Inc. (OTCQB: KLNG), a leading energy services company specializing in subsea equipment and support services, has announced its expansion into Brazil with the establishment of a new manufacturing and service support facility in Macaé. This strategic move aligns with Brazil's ambitious plan to become one of the top five oil producers in the world by 2030, presenting significant opportunities for KOIL Energy's growth in the region.

Brazil's offshore petroleum industry, centered in Macaé, often referred to as "Cidade do Petróleo," is the ideal location for KOIL Energy's expansion. The new facility will house engineering, manufacturing, testing, and service support activities, enabling the company to provide comprehensive solutions to its clients in Brazil. This expansion represents a significant step in KOIL Energy's growth strategy to support subsea customers in the region and further solidifies the company's position as a leading energy services provider in the global subsea market.

KOIL Energy's product portfolio is perfectly suited to support Brazilian operators in their growth journey. The company's offerings include subsea controls infrastructure, cable management, and full spectrum expertise in subsea field development. These services are crucial for the efficient and safe operation of subsea production systems, making KOIL Energy an ideal partner for Brazilian operators looking to expand their operations.

The new technology center in Macaé will enable KOIL Energy to provide better support to its clients, form strategic partnerships with local industry players, and tap into the local talent pool. By investing in a local facility, KOIL Energy signals its long-term commitment to the Brazilian market, which can help build trust with local customers and suppliers, further strengthening its competitive position.

Gustavo Goncalves, Managing Director of KOIL Energy in Brazil, stated, "KOIL Energy's decision to prioritize Brazil in its growth strategy is driven by this country's ambitious plan to become one of the top five oil producers in the world by 2030 and maintain that position for years to come. KOIL's product portfolio is perfectly suited to support Brazilian operators on this exciting growth journey."

In conclusion, KOIL Energy's expansion into Brazil with a new manufacturing and service support facility in Macaé is a strategic move that aligns with the country's ambitious oil production targets. This expansion presents significant opportunities for the company's growth in the region and further solidifies its position as a leading energy services provider in the global subsea market. With its well-suited product portfolio and commitment to the Brazilian market, KOIL Energy is poised to capitalize on the growing demand for subsea equipment and support services in the region.