Dubai – September 1, 2017
Joulon completes acquisition of GOM, a boutique shipyard specializing in structural steel fabrication, piping and electrical work, marine accommodation systems, EPCC of LQ modules, e-houses and process modules. GOM has prime waterfront locations and quaysides in Singapore, Vietnam, India and Middle-East region offering a one-stop turnkey project management and integrated services to the offshore and marine industry. GOM has carried out large number of refurbishment and upgrading works for jackups, drill ships, FPSO conversions, ship repair and modification works and outfitting of pipe-laying and accommodation barges, in addition to several rig stacking and rig reactivation projects.
Joulon was founded to create an integrated entity to provide asset management services to the oil and gas industry globally. The investment in the platform has been made primarily by KKR Asia Fund II, which is a $6 billion fund that seeks to invest in a wide range of industries in the global marketplace.
Joulon brings together decades of hands-on asset management experience with a comprehensive suite of products and services to help asset owners and operators reduce the life cycle costs of their physical assets. Joulon asset management offerings are executed through its 5 platforms, namely – Pressure Control & Management, Mechanical Works, Asset Integrity, Power Plant & Controls and Project Management.