2 February 2012

Stork heralds rebrand of RBG with multi-million pound contract extension

Stork, the leading global provider of knowledge-based asset integrity management services for the chemical, oil and gas and power sectors, today announces its rebrand of the RBG group, following the company’s acquisition in May 2011. The rebranding takes place on the same day that the group unveils a £25million pound two-year contract extension with a major North Sea operator that will generate around 30 new offshore positions in 2012.

The contract will see the continued delivery of a wide range of integrated services including insulation, passive fire protection, blasting, painting, electrical, vessel cleaning and specialist access solutions, across three assets.

The award marks the continuation of growth experienced by RBG throughout 2011, when the company delivered record sales. This was driven by strong UK sales, an increase in RBG’s international operations, particularly in Azerbaijan and the USA, and the expansion of the diving & subsea business.

RBG also recorded excellent safety results in 2011 by reducing its LTIFR in the UKCS by more than 35% in 2011, following on from a 51% reduction in 2010 and by over 30% globally in 2011, following on from a 38% reduction in 2010.

Doug Meikle, CEO for Stork, stated: “The rebranding of RBG to Stork is a significant milestone for both organisations. The recent contract extension and last year’s record sales at RBG again demonstrate that we acquired a major player and established support partner in the oilfield services market. Combining the innovative services and skills of the entire group will open up many new opportunities with existing and future clients and ensure we continue to deliver a safe, quality offering.

From hook-up & commissioning through to relocations & decommissioning a number of complementary technologies and services will be repackaged leading to the launch of new integrated offerings, such as end-to-end asset integrity assurance, integrated inspection and diving services, and sand management, from monitoring to safe overboard disposal. Combining the capability, expertise and innovation from across both organisations means Stork can partner with Operators to ensure integrity of an asset throughout its lifecycle.

Mr Meikle continued: “I am confident that the skills, experience and expertise RBG has developed in the oil and gas industry can be transferred to our power and chemical operations to great effect as we enhance our position as a leading provider of knowledge-based asset integrity management services.”

Dave Workman, Stork (RBG) Limited, chief executive officer, said: “The growth and development of RBG over the years has been exceptional. We worked hard on improving our HSEQ performance through REACH Beyond Zero, expanding our integrated service offering and developing our people, and the acquisition was recognition of this.

“Rebranding to Stork is the start of an exciting time for our employees and business as we enter a new period of growth. We are stronger together as part of Stork and bringing together the best of both businesses means we can deliver a combined support package that sets a new benchmark for outstanding HSEQ performance and industry-leading service delivery.”

The name change takes effect on 2 February and applies to RBG’s global operations.