Pennecon Energy Grand Banks Warehousing (PEGBW) is a private, wholly owned company within the Pennecon Energy Group. The company manages, leases and operates a full service laydown and warehousing operation including inspection facilities, in Bay Bulls, NL.
PEGBW is the closest laydown, warehousing and inspection facility to the Pennecon Energy Marine Base (PEMB) servicing the Grand Banks oil fields. PEGBW is engaged in the management and operation of a warehouse and compact gravel laydown facility (totaling over 30+ acres) in the town of Bay Bulls, just a 20 minute drive from the capital city of St. John’s and 3km from PEMB.
The company is rapidly gaining a reputation as a cost effective alternative for the offshore petroleum service industry.