OEG has boosted its Middle East foothold with three multi-year contract awards and renewals in Qatar, consolidating the company’s long-standing partnerships and commitment to sustainable regional growth.
Together, the three
agreements encompass the rental of nearly 700 units, including technical and
lifting assets, and reinforce long-term collaboration with a leading oilfield
services company, another major service provider and a prominent E&P organisation.
To support these
activities, the leading global energy solutions specialist has invested around $6
million in approximately 650 new items of class-leading equipment tailormade
for the harsh Middle East environment.
This investment
strengthens OEG’s leading market position and customer retention across Qatar,
the UAE, Saudi Arabia and Kuwait, and is expected to deliver up to $2.8 million
in year-on-year growth while reinforcing OEG’s regional operational footprint.
The business has also
recruited 10 new employees across its industrial gases, HSEQ, finance and
operations teams to fortify its operational excellence.
This includes three
personnel in the UAE: Peter Steyn as Regional Sales Manager, Abdulhalim Khamis
as Senior HSEQ Manager, and Suresh Shanmugam as Industrial Gas Specialist. With
35,000 m² of yard and office space across the UAE, Qatar and Saudi Arabia, OEG’s
40-strong regional team now operates the region’s most advanced hub for
high-volume unit handling.
The largest of the new
awards covers more than 550 assets, including enhanced oil recovery, and
introduces OEG’s new technical product, IMDG-certified nitrogen quads mated
with a DNV certified lifting frame. This solution enables higher-pressure gas
delivery without additional boosting equipment, improving safety, efficiency
and operational flexibility.
The second contract,
delivered through OEG’s local partner Venture Gulf Engineering (a
subsidiary of Al Nasar Holdings), involves around 120 cargo container
units (CCUs) and continues the long-standing relationship between the two
companies.
The third is an
extension until next June, building on a partnership established in 2019, which
now utilises more than 2,000 OEG assets.
Chris Kleinhans OEG
Regional Director, Middle East, said: “We’re very proud to continue the momentum for our business in Qatar
through this trio of contracts. They reflect the strength of the relationships
we’ve built across the region and the confidence our clients have in our
integrated, full-service capability to deliver a rapid and reliable response.”
He added: “Our One Energy Group model is
creating real value and positioning us for sustainable growth, both regionally
and globally, as we diversify into new industrial markets. For example, one of
the Qatar contract extensions expands our existing scope with the client by
around 40%. It also opens opportunities in adjacent sectors for our new
nitrogen quad transportation solution - including healthcare, manufacturing,
and agriculture - where demand for industrial gases continues to rise.
Together, these achievements further anchor OEG for its next phase of growth
across traditional and emerging energy sectors in the region.” -OGN/TradeArabia News Service
