CAPITAL CONSERVATION
The reduction of debt and maintenance of capital has become a major consideration and many Oil & Gas Producers are electing to retain maximum capital available for the exploration sector of their operations. A leasing arrangement enables the Producer to concentrate on finding oil and gas reserves and use Propak capital for production equipment requirements.
OPERATIONS FLEXIBILITY
Due to the changing nature of the oil and gas production operations many production equipment requirements are for an indefinite or relatively short term. Rental equipment provided the Producer with the option and flexibility of changing, upgrading or returning the equipment to Propak, as circumstances and requirements change. Further flexibility is available on a "lease with option to purchase basis" should the Producer eventually decide to own the equipment.
ENGINEERING, OPERATION AND MAINTENANCE
Cost effectiveness and production revenues are maximized by Propak's engineering, operations and maintenance capabilities. Propak's engineering expertise combined with extensive in-house computer facilities will ensure the most effective approach to equipment selection. A comprehensive technical field staff is available for the complete installation, service and maintenance requirements. Engineering and field staff are supported by Propak's major fabrication shop and extensive material and equipment inventory.
COST EFFECTIVENESS
A leasing / rental arrangement frequently proves more profitable to the Producer with consideration to replacement costs, operating / credit lines, cash flow and tax considerations. Producers may elect to have Propak operate plants and equipment. On-time guarantees will be provided which can significantly reduce the exposure to lost revenues from mechanical of process failure.
