OEG Offshore expands reach in Caspian region
- Business & Finance
OEG Offshore has announced the acquisition of OSCA Environmental Services Limited, significantly expanding its international reach in the Caspian region.
OEG has acquired OSCA’s entire 2,500-unit stock, bases in Baku, Azerbaijan and Aktau, Kazakhstan, Turkmenistan as well as stocking locations in Sakhalin, Russia, Gabon, Congo and Angola and full staff of 35 people boosting its global team to more than 165.
It is OEG’s second major global growth move in less than two months, following the establishment of a Joint Venture with Unique Maritime Group to provide offshore equipment for rental and sale in the Middle East, which was announced in May.
OSCA provides containers, associated equipment and services to the energy sector, including small and large drill cuttings boxes, container tipping frames designed to improve cutting removal efficiency, offshore cargo units, waste transport and haulage.
The company specialises in manufacturing, delivering and installing offshore units certified to the DNV 2.7-1 standard, but has recently invested in manufacturing units for operations in conditions to -40C, while the general standard offered by OSCA’s competitors is -20C.
John Heiton, CEO of OEG Offshore, said: “OSCA is a perfect fit for us, as the largest specialist provider of containers and cuttings cargo storage in the Caspian region as well as to Sakhalin and West Africa, it links seamlessly with our successful North Sea, African, Asia Pacific, Australian and Americas’ operations.
“The business has been hugely successful for more than 18 years, delivering European Standard and DNV-certified container and cargo solutions to operators and the supply chain – its products and vastly experienced team are a huge asset for OEG.
“As part of OEG Group, OSCA’s market-leading position in the Caspian region provides our existing clients with key new products from stock, and introduces our wider offering to a range of new clients.”
Following the acquisition OSCA, which will retain its brand as part of OEG Group, will be led by long-standing commercial manager Donald Guthrie, who steps up to become regional director.
Bob Smith, owner-MD of OSCA who is remaining with the business as Chairman of the OSCA group, said: “After establishing the business in 1996, we have had tremendous success and recently worked in parallel with OEG – I have no doubt OSCA will secure further growth as part of the group.
“Achieving international certification and setting new standards for the quality and reliability of container and cargo equipment has been a core focus for OSCA, principles which are also the foundation of OEG’s business.
“Donald Guthrie is the ideal candidate to take on the day-to-day management running of the business and I am sure that he and the rest of the team will continue to provide high quality service to our current and future customers.”