NTS Amega Global is delighted to announce that we have become part of Enersol (a JV between ADX-listed companies ADNOC Drilling (ADNOCDRILL) and Alpha Dhabi Holding (ALPHADHABI) through their recent acquisition of an equity stake in our company.
In Enersol and Tubacex, we are fortunate to have two visionary shareholders who recognise the immense potential of NTS Amega Global. Their active support will be instrumental in driving further growth and expansion across our global locations, including the USA, Canada, Guyana, Norway, the United Arab Emirates, Saudi Arabia, and Singapore.
On a day-to-day basis, it is business as usual at NTS Amega Global. Our operations, management, and leadership remain unchanged. We will continue to provide our global customers with comprehensive precision manufacturing, rental, and repair solutions. At the same time, we are committed to growing and evolving our capabilities and product offerings to meet the ever-evolving demands of the oil and gas sector.
With the backing of our shareholders, we anticipate accelerating our plans to expand our machine shop network. This includes a new facility in Abu Dhabi, aimed at providing additional support, capacity and mechanical solutions to our existing and shareholder portfolio customers. Additionally, we will open our new facility in Lafayette, USA, in Q3 2024 to enhance our US repair and manufacturing capabilities and capacity. This follows our expansion roadmap, which has so far included the launch of an upgraded facility in JAFZA, UAE, a new bespoke facility in Canada and the opening of a workshop in Guyana.
Globally, we are investing in new machines, technologies, and techniques to drive efficiencies and customer value. We are enhancing our legacy rental product range and developing a suite of Performance Tool options designed to push the technical limits of downhole performance. We will be announcing more details around our performance tools later in the year.
With the unwavering support of our customers, shareholders, and supply chain partners, we look forward to this exciting new chapter in the evolution of NTS Amega Global. This development will enable us to unlock significant value, strengthen our market position, and deliver even greater benefits to our stakeholders.
