The terms of the contract were not disclosed, but AETI expects to report revenues from the two projects beginning in the third quarter of 2013 and ending in the fourth quarter of 2013.Īmerican Electric Technologies, Inc. 'The success of our previous projects with Drillmec has gone far in solidifying a mutually beneficial relationship between our two companies and we look forward to working with them on this offshore project and others in the future,' said Frank Davis, vice president of oil and gas, M&I Electric.' M&I Electric will provide a complete integrated power and control system for the two offshore drilling platforms that includes power generation and distribution switchgear, variable frequency drives, and the M&I DrillAssist™ automation control system.

'M&I Electric's history, coupled with their automation capabilities and integrated turnkey approach, makes them a logical partner for us.' 'Drillmec chose to work with M&I Electric due to their long history of providing successful power and control systems for land and offshore exploration ventures,' said Brando Ballerini, president for Drillmec Inc. The company is part of the TREVl Group, a multinational organization with more than 5,900 employees in 70 countries. Drillmec was awarded the rig construction project contract from PEMSA who is the chosen drilling contractor for PEMEX.ĭrillmec is an international leader in the design and manufacturing of drilling and workover rigs for onshore and offshore applications as well as a wide range of drilling equipment. to be the turnkey power and control system provider for two offshore drilling platforms in the Gulf of Mexico. (Nasdaq:AETI) a leading provider of power delivery solutions for the global energy industry, announced today that its flagship M&I Electric business has been selected by Houston-based Drillmec Inc. 27, 2013 (GLOBE NEWSWIRE) - American Electric Technologies, Inc.

Pemsa rigs