Global Tender Barges

Global Tender Barges is a Singapore headquartered supplier of self erect tenders (“SETs” or “Barges”) and provider of tender rig operations to the global oil and gas industry

• Vessels with drilling equipment operating at offshore platforms
• Long term contracts with major oil companies
• SETs are employed on new and existing field development projects
• Major upgrades of assets completed during last two years

Investment Thesis

• High cash generation
• Operating in a niche market – Barges provide superior solutions for offshore platforms in shallow waters in West Africa and South East Asia
• Well positioned to benefit from recovery in commodities

Website

Company: http://www.globaltenderbarges.com/