Interserve buys Oman’s Renaissance Services unit

oman oilfield-antandrus wcOman’s Renaissance Services has announced that its has sold its oilfield maintenance services unit Topaz Oil and Gas to UK-based Interserve for US$46mn

The support services and construction group bought the UAE-based business in order to help its expand its presence across the Middle East, a company statement said, having previously made acquisitions in Qatar.

Adrian Ringrose, chief executive officer of Interserve, said, “Interserve sees the Middle East oil and gas services sector as a key growth market and this acquisition establishes our presence in the UAE.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?