{"id":2753,"date":"2015-03-26T09:34:52","date_gmt":"2015-03-26T09:34:52","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=2753"},"modified":"2015-05-18T19:20:38","modified_gmt":"2015-05-18T19:20:38","slug":"atlas-development-support-services-expands-north-africa","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-support-services-expands-north-africa\/","title":{"rendered":"Atlas Development & Support Services Expands into North Africa"},"content":{"rendered":"

Kenyan headquartered \u00a0and listed<\/a> African focussed support services and logistics company Atlas Development \u00a0has announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara.<\/p>\n

Atlas says the agreement is in line with the Company’s strategy of leveraging its existing profitable operating platform and experience supplying international companies with critical support services and logistics in East Africa, to expand its geographic exposure and profile.<\/p>\n

\u201cBeing awarded this contract highlights the Company’s ability to execute on new opportunities in additional jurisdictions and is testament to our ability to service our clients’ requirements in a competitive market, whilst still demonstrating a robust margin model and profitable business framework,\u201d says Atlas CEO Carl Esprey.<\/p>\n

Atlas Development has been focussed on implementing a defined growth strategy that includes geographic expansion and increasing capability and has in recent months successfully expanded from Kenya and Ethiopia into Mozambique, Tanzania, Djibouti and now Western Sahara.<\/p>\n

To date, Atlas Development has been particularly successful in supporting exploration activity; development plans include expanding capabilities so it can provide services throughout the development and production phases of extractive and infrastructure projects. \u00a0Opportunities to add services are being sought primarily via acquisition and a number of complementary opportunities are currently being evaluated that would provide additional revenue as well as increase critical mass.<\/p>\n

The business currently operates across a number of sectors including oil & gas, mining, geothermal and general infrastructure.<\/p>\n

\u201cAdded to this, we have a strong balance sheet with a cash position of in excess of US$10 million which we aim to utilise to expand our business offering, both organically and through acquisition,\u201d adds Carl.<\/p>\n

As a continuing process and to ensure value is created for shareholders Atlas adds it is further evaluating its cost base to streamline its structure and maintain current margins.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Kenyan headquartered \u00a0and listed African focussed support services and logistics company Atlas Development \u00a0has announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,11],"tags":[3039,77,197,3038,607,809,955,990,1252,1574,1636,1827,3040,2267,2466,3037],"class_list":["post-2753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-in-africa","category-top-news","tag-advanced-life-support","tag-africa-oilfield-logistics-ltd","tag-atlas-development-support-services-limited","tag-civil-engineering-supervisory","tag-djibouti","tag-ethiopia","tag-gas","tag-geothermal","tag-kenya","tag-mining","tag-mozambique","tag-oil","tag-risk-advisory-services","tag-security","tag-tanzania","tag-west-sahara","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Atlas-Development-2.png?fit=389%2C423&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Ip","jetpack-related-posts":[{"id":1950,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oilfield-logistics-completes-acquisition-of-ardan-logistics-kenya-limited\/","url_meta":{"origin":2753,"position":0},"title":"Africa Oilfield Logistics completes acquisition of Ardan Logistics","author":"Samuel Kamau Mbote","date":"October 23, 2014","format":false,"excerpt":"AIM listed African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited following shareholder approval being obtained in respect of all the resolutions proposed at the Company's general meeting held earlier today. According to\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/africa-oilfield-logistics.png?fit=462%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2006,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oilfield-logistics-limited-rebrands-to-atlas-development-support-services-limited\/","url_meta":{"origin":2753,"position":1},"title":"African Oilfield Logistics Limited rebrands to Atlas Development & Support Services Limited","author":"Samuel Kamau Mbote","date":"November 6, 2014","format":false,"excerpt":"African focused support services and Logistics Company formerly known as Africa Oilfield Logistics Limited announces that it has completed its change of name to Atlas Development & Support Services Limited and effective 28th October. This follows the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3142,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-alliance-asset-management-acquires-ownership-atlas-development\/","url_meta":{"origin":2753,"position":2},"title":"Africa Alliance Asset Management acquires more ownership of Atlas Development","author":"","date":"July 14, 2015","format":false,"excerpt":"Investment banking group African Alliance Asset Management is interested in buying over 26.6 million shares of the Kenyan headquartered African focussed support services and logistics company Atlas Development according to a statement from Atlas CEO Carl Esprey. Africa Alliance already has 4.2 million shares in Atlas Development and the acquisition\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Atlas-Development-2.png?fit=389%2C423&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2112,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-secures-first-contract-in-mozambique\/","url_meta":{"origin":2753,"position":3},"title":"Atlas Development secures first contract in Mozambique","author":"Samuel Kamau Mbote","date":"December 3, 2014","format":false,"excerpt":"African focused support services and Logistics Company Atlas Development & Support Services Limited has announced that, in line with its expansion strategy for East Africa, it has been awarded its first support services contract in Mozambique. 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