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OEG invests £13m to expand rental fleet

OEG Offshore Global is investing record funds to expand its rental fleet at its 20 worldwide bases

OEG Offshore Global is investing record funds to expand its rental fleet at its 20 worldwide bases

The Aberdeen-based company, which provides specialist offshore cargo carrying units and other equipment to the global oil and gas industry, has set its 2014 spending budget at $22 million (£13.4m), its highest yet.

The majority of the investment will support international customer demand for the group's product range which includes specialist containers, cargo baskets, half heights, waste units, refrigerated containers, tanks, workshops and A60 zoned cabins.

In a first for the company, a $5m portion of the spending has been committed to a fleet of around 200 transportable offshore tanks. These will include chemical tanks and Jet A-1 heli-fuel tanks, which can safely store and transport aviation fuel, all built to international standards.

John Heiton, chief executive of OEG Offshore, said: "This record investment will allow OEG to respond quickly to supply chain demand as the production of global oil and gas increases, supported by one of the largest, most diverse and modern fleets of specialised containers, engineering cabins and other equipment."

He added: "Our full range, tailored to the size and specification our customers require to satisfy their operational needs, can be obtained on a sales or rental basis from our 20 bases strategically located around the world."

The company said the multi-million pound budget would be strategically invested across Europe, the Americas, Africa, Middle East, Asia Pacific and Australia.

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