Seaowl Aims for Greater Market Share Post Thai Ogas Buy

French marine security company Seaowl hopes to increase its market share within the field of oil and gas technical assistance and expand its expertise to new segments within the energy sector with the acquisition of Bangkok-based Ogas Solutions, an oil and gas services group.

This follows the company’s acquisition of Wellstaff in April this year. Seaowl on August 30 said Ogas acquisition will allow the company to pursue its growth and contribute to the consolidation of the industry on an international level with an integrated services offer. Ogas has a strong footprint in Asia since the company achieves 50% of its turnover there (mainly in Indonesia, Malaysia, Singapore and Thailand), and is also well established on the African continent.

“With this acquisition, our revenue will exceed €100mn ($111.61mn) in 2016, making us now a global leader in our industry,” said Arnoult Gauthier, president of SeaOwl.

Offshore rig

The new group thus formed will operate on every oil and gas segment.

Shardul Sharma