Global offshore equipment firm OEG Offshore said it is investing record funds to expand its rental fleet.
The Aberdeen-based company, which provides specialist offshore cargo carrying units (CCUs) and other equipment to the oil and gas industry around the world, has set its 2014 spending budget at $22 million (£13.4m), its highest yet.
The majority of the investment will support international customer demand for OEG Offshore’s comprehensive range of products, including specialist containers, cargo baskets, half heights, waste units, refrigerated containers, tanks, workshops and A60 zoned cabins.
In a first for the company, a $5m (£3m) portion of the spending has been committed to a fleet of around 200 transportable offshore tanks. These will include chemical tanks and Jet A-1 heli-fuel tanks, which can safely store and transport aviation fuel, all built to the highest and most modern international standards.
John Heiton, chief executive of OEG Offshore, said, “This significant investment will ensure we continue to provide a full range of flexible and high-quality products to our global customers. Our full range, tailored to the size and specification our customers require to satisfy their operational needs, can be obtained on a sales or rental basis from our 20 bases strategically located around the world.
“This record investment will allow OEG to respond quickly to supply chain demand as the production of global oil and gas increases, supported by one of the largest, most diverse and modern fleets of specialized containers, engineering cabins and other equipment.”
The multimillion pound budget will be strategically invested across Europe, the Americas, Africa, Middle East, Asia Pacific and Australia. OEG offers the same varied range of equipment for sale as well as rental, alongside a bespoke design service.