Two West Australian-based oilfield services providers have been purchased by global offshore equipment firm OEG Offshore.
The acquisition of Oilfield & Resource Rentals (ORR) and Offshore Cryogenic Services (OCS) provides OEG with a significantly enhanced Perth presence, expansion into the North West region and new offerings in the offshore aviation services and cryogenic tanks markets.
“We’re excited about being part of a bigger company with a broader revenue base and a reputable name in the global industry,” said Oilfield & Resource Rentals Managing Director and co-owner Patrick Hanna.
Established in 2012, ORR and OCS have operations in Perth, Karratha, Broome and Darwin providing a range of products and services including DNV 2.7-1 offshore equipment for sale and rental alongside certified inspections of heli-decks, helifuel tanks, ISO tanks and offshore chemical tanks.
“We were attracted to ORR and OCS due to their experienced and dedicated team and, in particular noted that all of the technical staff are accredited with the National Australian Testing Association to provide the highest level of competence to the oil and gas industry, which allows us to offer an excellent service to our Australian and overseas customer base.” said OEG Offshore Chief Executive John Heiton.
Other recent Australian acquisitions undertaken by OEG Offshore include OPC Australia Pty Ltd and Fuel Installation Services, trading as Tank and Pump Services, enabling the OEG group to provide a truly Australia wide offering with depots in Perth, Darwin, Melbourne and Barry Beach in Gippsland.
“Over the last 15 years the offshore oil & gas industry has grown from zero investment in DNV rental equipment to one worth five hundred million dollars on the ground in Australia and I expect this to expand even further as Perth becomes a strategic hub for supplying services to the North West Shelf and Browse Basin,” said Mr Hanna.
OEG Offshore’s range of DNV 2.7-1 transportable offshore chemical and heli-tanks, containers, baskets, waste units and A60 cabins are available across Australasia. They offer the same varied range of equipment for sale as well as rental, alongside a bespoke design service.
OEG Offshore is on a growth strategy funded by investment firm Kohlberg Kravis Roberts as it expands operations across Europe, Africa, Caspian, Asia Pacific, North America as well as Australia. Currently the business has operations in 25 countries worldwide.
Adapted from press release by Joe Green