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SeaOwl Acquires Thailand-based Ogas Solutions to Expand Business
Paris, Bangkok, 31th August 2016: Article published in Rigzone: SeaOwl Group announced Tuesday its acquistion of Thailand-based oil and gas solutions provider Ogas Solutions Group as part of its business growth to offer integrated services worldwide amid the consolidation of the industry.
The company revealed that Ogas Solutions, with a global workforce of more than 1,000 staff, was an attractive acquisition as it has a strong footprint in Asia. The region provided 50 percent of Ogas Solutions' revenue, mainly derived from Indonesia, Malaysia, Singapore and Thailand. Ogas Solutions is also well established in Africa, with subsidiaries complementary to those of SeaOwl.
Ogas Solutions' services offerings include manpower services -- contracting, technical services and recruitment; asset/project management; operations & maintenance/inspection & shutdown; engineering -- conceptual design/front end engineering and design (FEED)/detail design/yard engineering; and training - HSE (health, safety and environment), oil & gas and marine.
The acquisition is expected to not only increases SeaOwl's market share within the field of oil and gas technical assistance, but also expands its expertise to new segments within the energy sector, and further strengthens SeaOwl’s ability to bring innovative services to customers and geographies.
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