Inovisi Infracom Enters $5.5bn Global Floating Production Storage and Offloading (FPSO) Business

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Inovisi Infracom (Inovisi) expansion into Oil & Gas Floating Production Storage and Offloading industry.

According to Visiongain's new energy report, global spending in 2010 on new FPSOs, company owned FPSOs, leased FPSOs and maintenance contracts will amount to $5.5bn. Inovisi foray into Oil & Gas B2B e-commerce infrastructure business provides energy companies, buyers and suppliers, the perfect platform and facilities to allocate, transact, and facilitate the on going business in this exclusive yet highly lucrative industry. "The Floating Production Storage and Offloading (FPSO) business alone is already very lucrative business," said Inovisi in a press statement.

Floating Production Storage and Offloading (FPSO) units are floating vessel which are used for the storage and processing of oil and gas. They are connected directly to the production wells on the seabed on one end and to an offloading system for trading tankers on the other end.

Inovisi recently acquired Abundant Global, a global Oil & Gas B2B e-commerce infrastructure company. The Inovisi-Abundant Global deal is the largest investment by an Indonesian company to break into global Oil & Gas B2B market, which includes shipping, logistic & storage business.

Indonesia is an estimated 260 million population market (1/6 of China), the largest population country in South East Asia. B2B e-commerce market is expected to grow exponentially following China precedence. Inovisi, a billion dollar e-commerce giant will compete indirectly with Alibaba.com, Trade Media Holdings Ltd's Globalsources.com, and Google over the Global B2B e-commerce Internet market. Combined,

"Inovisi will contribute its Oil & Gas infrastructure technologies to Abundant Global. The two companies will work together in an exclusive partnership to grow the Inovisi Oil & Gas e-commerce infrastructure brand globally, especially in South East Asia, Middle East and China.”

Detail of the Abundant Global investment and terms were pending and not disclosed as of to date, and was expected to materialized within 4th Quarter 2010.

About Inovisi Infracom

PT Inovisi Infracom Tbk builds infrastructure and unload bandwidth for Telecommunication Industry to include basic solution from young telecommunication operators such as MVNO system, up to establish operators who need to boost and optimize VAS and improve ARPU, especially on mobile internet. The company engages in the development, management and sale of products and services that provide network infrastructure, which creates environment for accelerating the delivery of data and voice transactions, deployment of services and applications over a single Internet Protocol (IP) based network. The company offers three business solutions: Infrastructure, Managed Solution, and Service. The company has acquired experience from successful Telecommunications and Information Technology installations in many industries, which supports Voice over Internet Protocol (VoIP), IPTV, VPN networking, Satellite Communications and Wireless Communication networks. For further information, visit the company web site http://www.inovisi.com
About Abundant Global

Abundant Global is an investment holding company focused on Oil & Gas infrastructure investments, including B2B e-commerce platform for shipping, logistic & storage transactions, lease and trade business, engineering as well as contract works. The company also provides tanker leasing, maintenance and refurbish services, as well as owning and operating land and coastal storage. The company main investments focus is in South East Asia, with strong business presence in San Francisco CA (USA) Middle East and China.

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