Speedy, Denholm form Caspian support joint venture

Speedy has entered into a 50/50 joint venture with J. & J. Denholm Group to provide asset management and equipment rental services to Kazakhstan’s oil and gas sector, including the Kashagan offshore oil field.

Offshore staff

NEWTON-LE-WILOWS, UK – Speedy has entered into a 50/50 joint venture with J. & J. Denholm Group to provide asset management and equipment rental services to Kazakhstan’s oil and gas sector, including the Kashagan offshore oil field.

Denholm operates an established maintenance and turnaround services business in the region via Denholm Zholdas (DZ) in Atyrau. It also has an operating hub at Karabaton, adjacent to the onshore processing facilities for theKashagan field, and facilities at the export port of Aktau, which additionally serves as a supply base to Kashagan.

The joint venture will operate under the Speedy Zholdas name in Kazakhstan and will provide asset management and equipment rental services in support of existing DZ clients, including Chevron and ExxonMobil.

11/18/2013

More in Company News