Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has secured four new North Sea contracts in the first quarter of 2017 with a combined revenue of approximately £5.5 million.
The work includes a new contract for Exceed’s Performance Improvement division, a well management project and two engineering studies. This will result in a minimum of 14 people being hired across the four projects, including two re-hires and 12 new personnel.
The well management work will see Exceed assume the role of well operator, providing an integrated project management solution including full supply chain management.
The two engineering studies will be managed by Exceed’s in-house team. Despite the oil and gas downturn of the last two years, Exceed is one of few companies which has invested internally in order to expand its expertise and continue strengthening its engineering capabilities.
Recruitment efforts will remain focused on attracting staff of the former well management group Applied Drilling Technology International (ADTI). Operated by Transocean, ADTI ceased trading in May 2015, soon followed by a merger between Exceed and a team of eight key players from the former ADTI organisation.
Founder and director of Exceed, Ian Mills, said: “These contract wins mark an extremely strong start to 2017 for Exceed, and denote a clear indication of strong optimism and resilience in the North Sea.
“Our team is delighted to have secured these projects, which are testament to the expertise and capabilities of our people, and our highly-regarded track record. Whilst we are a truly internationally operating business, we are deeply rooted within the North Sea and are pleased to see prospects in the region begin to improve.
“Over the past two years, we have invested heavily in our management systems and strengthened our supply chain capability. Because of this, our global expansion efforts, and several strategic alliances formed during 2016, we expect unprecedented growth for Exceed this year with anticipated turnover significantly higher than levels prior to 2015.
“It has been encouraging that we can continue to recruit and offer work to those who have been affected by the downturn. With a number of international opportunities in the pipeline over the coming months, our team is feeling very positive about what 2017 will bring.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/30032017/exceed-secures-55million-of-north-sea-contracts/