Houston, (September 9, 2008) –Valerus Compression Services, a worldwide leader in natural gas handling services specializing in natural gas processing, treating and compression, announced today it has formed a partnership with Geoterra Ltda., a Brazil-based company that supports gas compression, treating and processing services.
The partnership allows Valerus to support its growing customer base in the Latin America region by providing a full range of natural gas compression, production and treating products and services. In addition, Valerus has further expanded its global business with the opening of an office in Rio de Janeiro, Brazil.
"Valerus’ Latin America operations have grown significantly over the last several years. In order to provide the level of service and expertise Valerus customers are accustomed to we determined it was time to establish a presence in Brazil," said Chet Erwin, co-CEO, Valerus. "Since we started working with Geoterra this year, we have formed a great relationship with the company’s management team and together decided it was the perfect time to leverage both companies’ strengths in the Brazilian market."
The new relationship brings the opportunity to enhance the local expertise brought by Geoterra with Valerus’ renowned global natural gas handling and conditioning capabilities. The team will position themselves as a leader in one of the largest energy markets worldwide.
"We have been in the oil and gas industry for 15 years and are proud to form a partnership with Valerus, said Paulo Lopes, President of Geoterra. "We have participated in several bids for business, and have also been able to expand our services to better serve our existing customers needs."
Valerus will be exhibiting at the 2008 Rio Oil & Gas tradeshow in Rio de Janeiro, Brazil Sept. 15-17. To meet with executives from Valerus, please contact Andrea Cohen at 1-713-970-2100.
