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ADIL celebrates £3 million in North Sea contracts

Oilfield Technology,

ADIL, the independent energy consultancy, has capped a successful first six months of 2014 with contract wins totalling in excess of £3 million across its Aberdeen and London operations.

The company, which has secured projects with four new clients during Q1 and Q2, has seen the most significant growth from its London office and across its operations and improvements division.

The wins put ADIL, which reported a 50% rise in revenue to £31 million in its 2013/14 financial results, on track for meeting its ambitious growth target for this year.

“Our London office is playing an increasingly important role as we look to expand our international network and capitalise on the growing global demand for development and operations management services,” said Managing Director James Paton.

Continued strength of the North Sea market

“This, combined with the continued strength of the North Sea market for technical support in the operations and improvements sector, both from large multi-national and small independent operators alike, has resulted in a rising demand for our services and positions us well for meeting the next milestone in our continued growth strategy.”

The clutch of contracts has also seen ADIL provide project and development support for a number of North Sea campaigns and netted the first wins for its recently created business solutions division.

“The steady growth we have seen in the last six months will provide the platform for ADIL to continue that expansion as we look to extend our international reach into Africa and south-east Asia,” Paton added.

ADIL is an independent consultancy focused on providing state of the art development and operations management support to the energy industry. It is currently providing field development services for projects with CAPEX in excess of £ 2.5 billion.

Adapted from press release by Cecilia Rehn

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