Stefano Gaeta, managing director of Insitu Data Solutions Inc., announced Thursday that his company will open a manufacturing and service center in Lafayette to serve global oilfield services customers.
IDSI will engineer, manufacture and market next-generation equipment for cased-hole data acquisition.
According to a press release from Gov. Bobby Jindal’s office, the project will create 17 new direct jobs averaging more than $46,400 per year, plus benefits. Louisiana Economic Development estimates the project will result in an additional 22 new indirect jobs, for a total of 39 new jobs in the state.
Canadian-based IDSI – headquartered in Calgary, Alberta – will locate its manufacturing and service center in the Louisiana Immersive Technologies Enterprise facility at UL’s Research Park.
Over the past two years, IDSI has developed and refined its products at a research and development facility at Plymouth in the United Kingdom. The company considered a number of locations for its manufacturing and service operations, including Canada. Lafayette will be home to those operations and will serve as the headquarters for Insitu Data Solutions Americas, a subsidiary of IDSI.
“In looking for a location to set up IDSA’s North American headquarters and facilities, we were introduced to Lafayette,” Gaeta said in the press release. “We thought we were coming to visit, but really it was like coming home. The Lafayette community is extremely attractive for new businesses, and we are committed to creating a best-in-class business for all of our activities.”
LED began discussing site selection and project possibilities with IDSI in March 2015. To secure the project, the stare offered the company a competitive incentive package that includes the comprehensive services of LED FastStart. In addition, IDSI is expected to utilize the state’s Quality Jobs Program.
“This is why we work on international relationships,” Lafayette City-Parish President Joey Durel said. “We know that Canadians visit our state more than any other nationality. Nurturing some of our shared heritage is a natural, and can lead to economic benefits to both sides.”