Company Updates

Tiger Offshore Rentals Acquires Rigzone Mechanical Equipment

Tiger Offshore Rentals (“Tiger”), a leading global provider of transportation and storage equipment to the offshore oil and gas industry, has acquired Rigzone Mechanical Equipment LLC (“Rigzone”), including its manufacturing facility and its fleet of DNV certified offshore cargo carrying units (CCUs) in the United Arab Emirates.

Tiger IndustrialThe acquisition expands Tiger’s position as the leading provider of offshore rental equipment in the Middle East region and opens the door to the production of specialty equipment needed to meet growing market demand.

Rigzone supplies an impressive array of equipment including DNV 2.7-1 certified offshore cargo carrying equipment, long baskets, frac, storage and mixing tanks along with power and air equipment. Rigzone’s specialty manufacturing facility, supported by its skilled engineering staff, produces a wide selection of equipment including fire rated offshore A60 buildings, as well as other Zone 1 and 2 hazardous area oilfield equipment.

“This acquisition is yet another sign of Tiger’s commitment to the offshore industry that we believe is challenged by underinvestment” says William Drost, Tiger Offshore Rental’s General Manager. “Rigzone’s strong position in the UAE is an outstanding compliment to Tiger’s already leading presence in the Middle East. We were most attracted to the outstanding reputation that Rigzone has with leading oilfield service companies and, for this reason, we have retained the services of Rigzone’s founder, Saleem Syed. We look forward to working with Mr. Syed to grow the Tiger brand throughout the Middle East region.”

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