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While its activities in Argentina focus on food and agribusiness, with Molinos Río de la Plata and Molinos Agro, The family headed by businessman Gregorio Pérez Company Bank is internationalizing its operations in the oil sector and developing new alliances with major multinational companies.
He does it through becoma company focused on the energy (gas, oil and electricity) and mining markets which is currently aiming to explore new business opportunities abroad.
Perez Company Bank is fully involved in the oil business
In this context, last year it concluded an operation and maintenance contract in Brazil to provide its services in the 14 fields that make up the Reconcavo Ball field, located in the state of Bahia, in cooperation with 3R Petroleum, which is also a company contracting with BICOM in other states. Areas: Seven fields in the Macau Pole of the Rio Grande del Norte and in the eight fields of the Rio Ventura Pole.
The Brazilian company focuses on Oil and gas production, on land (onshore) and offshore (offshore), With a portfolio of nine assets, in five states of the neighboring country, where it owns 514.8 million barrels.
In this case, Pérez will be assigned to the operation and maintenance of the 14 onshore fields, namely the Arato, Ilha de Bimbara, Mapili, Masoi, Candias and Cixes fields.
And also Socorro, Dom João, Dom João Mar, Barriere, Socorro Extensão, São Domingos, Campaseca and Guanambe.
Perez Company is committed to onshore and offshore oil exploration.
Perez Company, committed to global expansion
now only New alliance with Alchemy Sciences, a holding company based in Houston, North America dedicated to advancing oilfield technology.
As Pecom reported, the exclusive partnership will leverage Alchemy’s proprietary chemical technology platform, which operates under the name MaxORSM, to improve well productivity and recovery rates for Perez Companc Group’s clients.
The alliance will deliver Alchemy’s customized products and services to Pecom’s user base with oil and gas operators in Argentina, Brazil, Colombia and Bolivia.
on, Gustavo AstiCEO of Pecom, was satisfied with the agreement that will allow his company to “deepen our chemical processing and product services by integrating advanced technology thanks to the innovative Alchemy platform.”
Meanwhile, l Jacob ThomasCEO of Alchemy Sciences, said the strategic alliance “will be very well received by our current and future customers and also demonstrates our commitment that has been present in Latin America for more than 70 years, leveraging deep local expertise and regional presence.”
Additionally, the agreement expands Alchemy’s international presence to include several countries in the region, as well as strengthens PECOM’s position as a leading oilfield services provider in Latin America.
The agreement will allow the use of Alchemy’s chemical technology platform, which operates under the name MaxORSM.
Vaca Muerta: Perez Companc’s goal
In the case of BICOM, its plan for international expansion in the hydrocarbon sector of the holding company it currently controls Luis Perez CompanyC, one of Joyo’s children, was born as a result of a decision made in 2015, after buying back the assets of SADE which it had sold in 2002 to the controversial Swedish construction company Skanska.
This was the first step to transform this company towards oil services under the new name Pecom Servicios de Energía.
The company has been in the oil and gas business for more than 70 years, and more recently has focused on being one of the main suppliers to the oil companies that have been landing in Vaca Muerta and also on expanding abroad.
Its core businesses currently include operation and maintenance solutions; Engineering, construction, treatments and chemicals, as well as well and wire testing services, environmental services and electrical and electromechanical solutions for fields and refineries.
The energy company gained thanks to the fact that it found growth paths based on the history developed by BICOM since 1994, when it became the second largest oil producer in the country with a 12.2% share of total production.
Two years earlier, it had also consolidated itself in the gas and energy sector, after acquiring stakes in the companies Transportadora de Gas del Sur (TGS), Metrogas, Edesur and Refinería del Norte, as part of the privatization process initiated by the Menemist government. .
Recently, Pecom has focused on being one of the major suppliers to Vaca Muerta oil companies.
In recent years, it has earmarked $80 million for a reconversion that includes changing the image and branding and which will also seek to boost the company’s entry into new businesses related to hydrocarbons, electricity and telecommunications, as it entered last August with the purchase of Tel3 for $900 million.
It is an engineering, construction and services-related company dedicated to the development of construction services in the field of energy and communications.
Pecom already has a presence in Bolivia, Brazil, Colombia and Peru, with approximately 5,500 employees and an annual turnover of US$400 million.
In the case of Brazil, its tasks also extend to the marketing of deep pumps for oil production, and it has just started oil and gas chemical processing activities.
