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Investment Signals New Jobs at Argon

18 August 2009

Argon Isotank Ltd, a subsidiary of global oilfield services company Dominion Gas, has announced investment of £1,500,000 in new premises and new equipment resulting in three new jobs.

The jobs are all located at the firm's new 5,000sqm site in Altens, Aberdeen, which comprises office and yard space and have been created due to increased demand for the company's services.

A part of the Dominion Gas Group, Argon Isotank specialise in the rental and transfer of bulk chemical tanks operating predominantly within the global oil and gas industry but also in the petrochemical sector.

Robert MacDonald, director, Argon Isotank said: “Becoming a part of the Dominion Group opened a lot of doors for us and demand for our services has dramatically increased over the last eight months. With Dominion's support we have entered several new markets and together we have a strong presence in all of the major oil and gas regions.”

The firm has invested a seven figure sum in new tanks used to transfer chemicals acids and liquid gasses in bulk to oilfield sites both on and offshore. West Africa and the Middle East have become high growth areas and the company anticipates recruiting additional staff before the end of the year to handle the new work.

Doug Crighton managing director of Dominion Gas said: “For both Dominion and Argon locations such as West Africa and the Middle East are very important regions. Dominion Gas recently opened a gas plant in Ghana, West Africa, in order to better serve the surrounding oil producing countries. The activities of both companies complement each other well and we are anticipating continued growth in the future.”

Argon Isotank was acquired by Dominion Gas in November 2008, the company employs 6 staff and is based in Aberdeen, Scotland. Dominion Gas is currently Scotland's only independent oil field service company supplying the full range of diving, welding, industrial, laboratory, test and calibration gases.

Dominion Gas has a turnover in excess of £22 million and currently employs 85 staff worldwide with offices in Baku, Singapore, Perth, West Africa, Norway, Houston and corporate headquarters in Aberdeen Scotland.