A main pillar of the Energy Chamber's strategic mandate is to help energy service companies export their expertise to foreign markets. Our energy service exporter awards recognise the local exporters who have excelled internationally in services and/or in the sale of energy sector equipment manufactured in T&T; and those that have made their initial entry over the past two years into an export market and achieved notable success. At the Energy Chamber's CSR Leadership Awards this year, CSR champions were rewarded in five CSR-related categories and two new awards were introduced for energy service exporters.
1. The Energy Chamber Exporter of the Year Award
IAL Engineering Services Ltd, (winner)
Over the last three years, IAL Engineering Services Ltd has been able to overcome market barriers and have started exporting premium crossovers to over 32 countries worldwide. It has also exported TCP carriers to Venezuela to Tucker Energy and ExplosivosTechnologicosVenezolanos. The company is aiming to bring its export revenues to 50 per cent of its total revenues. IAL recently completed a new manufacturing facility at its Guapo location to house its TCP carrier manufacturing for exports and to give the company the needed space at San Fernando to expand. The company also has three new CNC lathes on order to be delivered by the first quarter of 2012. In terms of the company's export performance, its annual export sales for 2010 amounts to $23,632,000 and increased in 2011 to $27,686,000.
Export sales account for 18 per cent of its total revenue in 2010 and 17 per cent in 2011. Additionally, increased capital investment in plant and equipment, an aggressive marketing thrust and a timely delivery system are all measures implemented by IAL Engineering Services Ltd to sustain exports. IAL Engineering Services Ltd travels across the globe to the various geo markets, marketing their capabilities and has established an office in Houston. The company has also established relationships with a Venezuelan company to supply TCP carriers
2. New Energy Service Exporter of the Year: Tucker Energy Services Ltd
Tucker Energy Services Ltd is a multi-service provider to the upstream energy sector for more than 75 years.
Over the past few years, the company has successfully provided the region with:
a. Well intervention services (offshore Venezuela)
b. Cementing, completions, directional drilling and tools (Suriname)
i. The products exported to Suriname have been cementing chemicals, float and centralisers equipment.
ii. The services exported to Suriname have been the design, engineering, laboratory services for performing all well services. In the completion of the well, TES provides filtration services, perforation washing tool services, gravel packing services and miscellaneous pumping services.
iii. EquipmeDrilling jars, accelerators and rhino reamers to Suriname, Guyana and French Guyana.
Tucker Energy Services Ltd has been able to increase production in the Pedernales field for Petrowarao, PDVSA by 30 per cent and transferred people, process and equipment into a new start up in a foreign country.
The company successfully cemented and completed oil wells exporting technology and services that have resulted in the efficient and production of oil wells.
