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Group companies

Tasman Oil Tools

Australia, New Zealand, Dubai

Northbridge now has three subsidiaries trading under the Tasman umbrella:

Tasman Oil Tools Pty Ltd is an Australian oilfield rental and service company.

Tasman Oil Tools FZE based in Dubai provides oil tools to the oil and gas industry in the Middle East.

Tasman Oil Tools Ltd based in New Zealand provides drilling tools and equipment to the oil, gas and geothermal industries.

Offering a broad range of drilling equipment, support products, provision of offshore and in-house specialised services, as well as servicing client-owned equipment, Tasman has developed an intimate knowledge of its customers' requirements.

Tasman's tools and services are utilised in downstream and upstream campaigns for onshore and offshore oil and gas drilling, coal bed methane and geothermal drilling operations.

Tasman aims to provide customers with high quality, economically viable solutions and to structure its inventory around customer requirements and technological innovation.

History of Tasman:
Tasman Oil Tools Ltd was originally registered in New Zealand in 1980 following the sale of Drexel Offshore Services based in Singapore which was active in the 1970's and its first major contract was the geothermal project at Ngawha. A branch office was then opened in Perth later becoming Tasman Oil Tools Pty Ltd.

In 1996 the ownership structure changed following new ownership with the New Zealand Company and the Australian company trading as standalone separate legal entities. There was then no financial connection between the two companies, although there were occasional cross hires. The late 1990's was a difficult time for oil service companies, with the oil price dipping to $10 per barrel but importantly both businesses survived and used this period to refocus their business models.

In July 2010 following a lengthy period of due diligence and negotiation Tasman Oil Tools Pty Ltd (Perth Australia) was acquired by Northbridge following a successful placing with all personnel and former owners being retained. The management team was then strengthened with additional senior managers.

In November 2013 Northbridge was able to secure the trade, assets and personnel of OMM BVI based in Abu Dhabi. OMM BVI was founded in 1989 and is a leading rental provider of oil tools to the oil and gas industry in the Middle East. The business now trades under the Tasman banner and has been relocated to Northbridge's existing premises in Dubai.

In September 2014 the purchase of Tasman Oil Tools Ltd (New Plymouth New Zealand) was completed following a successful placing in with all staff being retained by Northbridge.

The enlarged oil tools group increases Northbridge's presence in the Middle East and APAC regions and is an excellent strategic and geographic fit.

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