(WO) — OEG has secured a multi-million-dollar contract extension to continue supporting offshore drilling operations in Australia’s Bass Strait through the expected end of field life in 2036.
Under the agreement, OEG will supply and manufacture approximately 200 DNV 2.7-1 certified offshore cargo carrying units (CCUs) from its Barry Beach facility in Victoria, Australia. The company will also provide inspection, maintenance and repair services for the units, along with crane and lifting support for offshore operations.
The contract expands OEG’s long-standing relationship with the unnamed global operator and increases the total number of OEG CCUs and serviced units supporting offshore operations in the region to roughly 700 units.
Beau Robins, regional director for Australia and New Zealand at OEG, said the agreement reflects the operational value of long-term offshore support partnerships.
“This contract extension reflects a longstanding relationship built over many years,” Robins said. “It also highlights the value of long-term rental agreements in supporting operational planning and equipment availability, reducing unplanned maintenance and helping operators improve efficiency while preserving capital through to end of field life.”
Robins added that OEG’s offshore cargo carrying units are recognized for their “innovative design and benchmark-setting performance,” noting the company plans to continue supporting offshore operations across Australia with certified equipment and integrated service support.
The Bass Strait basin has been a key component of Australia’s oil and gas sector since offshore production began in the late 1960s, supplying a significant share of the country’s domestic oil and natural gas demand, particularly in Victoria.
OEG operates from six locations across Australia and New Zealand, providing offshore logistics and equipment services to the regional energy sector.
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