A string of contract wins and extensions has given the cranes and lifting arm of EnerMech a boost worth more than £85 million.
The Aberdeen-based mechanical engineering group said the deals – with the likes of BP and Daewoo International E&P – have strengthened its presence in the Caspian region and extended its reach in the Caribbean, Far East and Gulf states.
It said a “major breakthrough” had been made in Trinidad & Tobago, where EnerMech has set up a new base after winning a crane operation and maintenance contract, while it has also secured its first long-term deal offshore Myanmar.
EnerMech was founded in 2008 and employs 2,300 people around the world. Its turnover grew by 27 per cent to £258.9m in 2014.
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In the North Sea, Nexen Petroleum UK awarded the group a five-year contract covering the Buzzard, Golden Eagle and Scott platforms, building on three-year renewals secured from two other oil and gas operators.
John Morrison, EnerMech’s international mechanical handling services director, said: “It has been an excellent 2016 to date for our cranes and lifting services division with key contracts renewed by major clients alongside winning work in new markets and extending our market share. This is quite an achievement in today’s competitive environment.
“We will continue to seek out more efficient methods of providing crane and lifting services to clients which are capable of being integrated with our other business lines. The energy industry is demanding more collaboration to counter the downturn in the oil price and this is an approach which has been championed by EnerMech since the company was founded.”