PETROSERV was founded in 1972. Its owners have been working in the Oil & Gas Industry since 1960. Based upon the extensive experience of its owners, the company was primarily devoted to the marketing of selected oil field equipment and services, having during all these years of operation solidified its experience and gained considerable expertise in all major business areas, including oil field equipment manufacturing, rig operation and other related support services for the industry. It is particularly important to note that PETROSERV has played, since its inception, a decisive role in many important aspects of negotiations with PETROBRAS, the Brazilian major oil company, being very successful in foreseeing PETROBRAS’ needs in terms of offshore units, as well as identifying available equipment compatible to its requirements. PETROSERV is structured in three main business areas, i.e., Offshore Operations, Project Development and Service & Products Sales Representation.