By DARA BUTTERFIELD
Aberdeen based OEG Offshore – which provides cargo carrying units and A60 modules to the oil and gas industry- has merged its US business with Louisiana based oilfield equipment provider Cameron Rental and Tank Inc (CRT).
The multi-million dollar merger positions the enlarged combined businesses with a full geographic network of locations across the Gulf of Mexico region, together with enhanced engineering and service capabilities and a wider range of equipment to support their customers’ full range of requirements.
Thomas McDaniel, President, Cameron Rental and Tank, said: “This merger connects CRT to one of the biggest names in the industry and we are excited to be able to support our customers and the wider offshore oil & gas industry with the additional resources, products and services that we will now be able to deploy. I look forward to working with OEG to really accelerate our growth and provide our high quality service to a wider range of customers across the Gulf of Mexico and beyond.”
CRT has been servicing the Gulf coast oilfield industry since 2000 and has operations in key Gulf locations including Port Fourchon, Venice, and Cameron providing a range of certified cargo carrying units including baskets and containers. OEG Offshore’s range of containers, baskets, cutting boxes, waste compactors, offshore tanks – as well as standard and customised A60 engineering cabins – are available across the Americas.
John Heiton, Chief Executive, OEG Offshore, said: “This merger provides an ideal platform for the OEG Offshore group to significantly expand its presence across the Gulf of Mexico region. We are pleased that Thomas and Chuck McDaniel, as former owners of CRT, as well as all of the company’s other employees will remain with the business as we move forward together.
“We intend to work with the CRT team to develop their already strong service offering, at the same time as investing in growing the range and size of the fleet. We strongly believe that current and future customers of both OEG and CRT will benefit from a wider local base network and an enhanced product and servicing offering to support their production and drilling operations in the Gulf of Mexico.”
OEG Houston’s recent relocation to a larger office facility in Houston’s energy corridor and the merger of CRT marks the next step in the development of OEG Offshore’s offering to the Gulf of Mexico region.
OEG Offshore has operations in 25 countries worldwide, with further expansion and fleet investment ongoing through 2015 and into 2016 following investment from Kohlberg Kravis Roberts last year.