HOUSTON, May 6, 2008 (PRIME NEWSWIRE) — Tarpon Systems International LLC today announced the acquisition of Tarpon System from the Acergy Group, including all patents, rights, and licenses, for an undisclosed amount. The acquisition, effective May 1, 2008, will broaden Tarpon’s asset base and allow for a wider range of solutions to include design and engineering, fabrication, installation management, and contracting. In conjunction with JAB Energy Solutions, LLC, based out of Houston, Texas, and Allison Marine Contractors Inc., the acquisition will also allow for handling of larger scopes in a customer-focused environment. ”We are excited about the acquisition and believe this design was underutilized in the past due to previous marketing and promotional limitations,” said Steve Orlando, Owner of Tarpon Systems International LLC. “We believe the patented design of the Tarpon system is the most efficient, reliable, marginal field development structure available on the market today.” Tarpon Systems’ marginal field development structure has proven to be commercially attractive due to its low capital investment, early production availability, residual value of reusable components, and single focal point coordination. Currently, there are over fifty installations worldwide with plans to expand an offshore presence through enhanced marketing strategies. About Tarpon Systems International LLC Tarpon Systems International LLC was founded in 2008 with the focus of providing its global clients a better solution for field development. Johnny Boudreaux, Senior Operating Partner, has been directly involved with the design, fabrication, and installation of over fifty Tarpon Systems worldwide. His expertise has been integral in developing the Tarpon System’s reputation as the most reliable structure in its class. Coupled with over one hundred years of operational experience by the management team, in the execution of field development projects from conception to completion, Tarpon Systems International LLC is poised to position itself as a premier option for upstream offshore oil and gas production. Tarpon Systems International LLC is based out of Houston, TX
By: Johnny Boudreaux
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