OEG Offshore Boosts International Reach with Caspian-Focused Acquisition

June 25, 2014

Leading cargo-carrying unit and A60 engineering cabin specialist OEG Offshore today announces 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.

Source: OEG Offshore, 2014.