East Med a Monster Opportunity for Suretank and OAG

7 August 2014

Suretank, the world's leading provider of engineered solutions to the offshore oil and gas industry, has completed delivery of a substantial fleet of cargo carrying units to OAG Offshore Rentals Limited in Cyprus. The equipment consisted of mud cutting skips, half height containers, mini containers, boat shaped skips and cargo baskets all headed for the rapidly emerging Eastern Mediterranean offshore market.

Gabe McArdle, Export Sales Manager for Suretank, said: "Prospective gas fields such as the recently discovered Leviathan reservoir in the East Med is driving demand for Suretank’s engineered solutions including our globally renowned DNV 2.7-1 offshore tanks and cargo carrying units.

"As the only local provider of specialist offshore cargo carrying units and cabins, OAG is well positioned in Cyprus to service the Leviathan Gas field, as well as ongoing opportunities in North Africa, and we look forward to building on our relationship with them. With a plenitude of hydrocarbon reserves located in the east med, it will certainly be an interesting region to be involved in over the next few years. "

Andy Robinson Managing Partner at OAG Offshore Rentals Limited added: "Last year we supplied products to a number of high profile customers, notably in the Eastern Mediterranean region. These included units to companies such as Halliburton, Schlumberger and Noble Energy International. We also have projects planned with Kosmos Energy in the new year. Therefore it's vital that we have a highly experienced and reliable partner that can engineer and deliver high quality equipment on time. Suretank's comprehensive suite of equipment, technological expertise and pricing provides a compelling offer and we look forward to working with them in the future."

OAG East Med Offshore Rentals is recognised as one of the fastest growing rental companies of offshore cargo carrying units (CCUs) in the Mediterranean region. With an ever-expanding fleet, OAG East Med is capable of delivering high-quality DNV built offshore container units with exceptional service.

Suretank is the world’s largest manufacturer of tanks and cargo-carrying units for the offshore oil and gas industry and all of its products are produced to DNV 2.7-1 certification as standard. Suretank products are found worldwide, including the North Sea, West Africa, Gulf of Mexico, Brazil, Canada, Caspian, Sakhalin, India, Australia, Middle East and the Far East. Its product range includes chemical and acid tanks, helifuel tanks, offshore containers, baskets, mudskips and cryogenic tanks.

For more information, visit www.suretank.com