(MENAFN- ProactiveInvestors - Australia) Mobilarm (ASX:MBO) has entered into a joint venture with Blisston Nigeria to deliver fully integrated oil and gas rental solutions to its Nigerian customers, which will ensure significant long term revenues.
This includes Mobilarm's leading Maritime Survivor Locating Devices (MSLDs), life jackets, maintenance and annual recertification.
The new JV is an 50-50 venture between the two companies.
The JV was also aided by the Nigerian Department of Petroleum Resources, which has mandated the requirement of Mobilarm's solutions throughout the oil and gas industry.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.