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 US$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 United Arab Emirates (UAE), Saudi Arabia and Kuwait, and is expected to deliver up to US$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.'
'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.'
The US$6 million investment in approx. 650 new fleet items includes:
- Nitrogen gas quads enabling optimised solutions for varied industrial gas applications for more nuanced segments of the industry;
- Energy-efficient, air-conditioned workspace and rigging CCUs;
- Enhanced operational sites meeting the latest environmental standards and providing personnel more protection from the harsh environment of Middle Eastern summers;
- Replacement of combustion-engine utility vehicles with a fully electric fleet;
- Introduction of air-conditioned forklifts to improve operator comfort and to reduce the risks of heat related injuries during the summer high temperatures;
- Upgraded heat-stress safety infrastructure, reinforcing OEG’s commitment to people and sustainability.
OEG has also seen a 40% increase in uptake of its BlueManta well completions products in the Middle East this year, and a growing interest in its soon to be launched GPS-enabled asset tracking solution, which is about to be piloted with operators. This technology has been developed to improve operational efficiency, enhance asset visibility and support smarter decision-making across projects.
Source: OEG
