Qatar’s Petroserv enters Australian LNG sector:
"Doha-based Petroserv Ltd, has announced its entry into the Australian liquefied natural gas (LNG) sector through an equity investment with Queensland-based Bothar Boring.
Through this investment, which results in the establishment of Petroserv International based in Brisbane, Australia, Petroserv Ltd will combine its long history and experience of contracting in the oil and gas and infrastructure sectors in Qatar with the similar sector expertise it has identified in the Bothar group.
The investment is the first significant one by a Qatari company in the Australian oil and gas market. Under the deal, which sees Petroserv acquire a 49 percent share in Brisbane-based Bothar Boring & Tunnelling, Petroserv plans to back its investment with more funding for greater expansion into Australia’s gas sector."
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