Africa Oilfield Logistics has signed an agreement to acquire a 49% interest in Ardan Risk and Support Services, which has operations in Kenya, Ethiopia and Mauritius.
The agreement provides the company with an option to acquire the remaining 51% interest in Ardan within 180 days.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Ardan has developed an operational team to provide logistical solutions for the oil and gas industry in Africa. The company has a specific focus on establishing markets in East African countries such as Madagascar and Mozambique, as well as in West and North Africa.
Africa Oilfield Logistics director Andrew Groves said that Ardan has a strong industry reputation and a long client list of oil and gas majors, making it a good investment opportunity.
"With an aggressive expansion programme underway, a high-calibre management team in place and top quality projects underway and in the pipeline, Ardan expects to continue its growth trajectory over the next few years," Groves added.
"Ardan is a robust business with huge scope for growth, and with the investment, guidance and network of Africa Oilfield, I am confident that we are ideally positioned to assist Ardan in its expansion towards becoming the oilfield services and logistics company of choice across the region."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataArdan offers services such as procurement and logistics, construction and engineering, catering and camp management, safety, health, environment and quality management, health and safety training, medical services, community relations and personnel placement.
Image: Growing oil exploration activity in Rift Valley has prompted Africa Oilfield to partner with Ardan. Photo: courtesy of Tillman.
