Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has announced a record-breaking start to 2018, amassing a number of international contract wins totalling a revenue of approximately of £18 million.
With projects lasting more than a year, Exceed will deploy its expertise in well management and performance improvement projects across the UK, Middle East, West Africa, South East Asia, Norway and North and Central America. With several contracts already underway, this has resulted in a 300% increase in Exceed staff, with 200 personnel being employed across the company during the course of 2018.
Q1 2018 has already secured an increase of 280% on Exceed’s total revenue for 2017. This success is a succinct illustration of the company’s resilience and commitment to internal investment strategies which have seen an expansion in expertise and capability over the past 24 months - a period when few companies have dared to do similar.
The strategy has also seen Exceed establish many key international alliances, strengthening its presence and profile across several regions, including West Africa and the Middle East.
Exceed founder and director, Ian Mills comments: “This welcome start to 2018 is clear justification of the global investment Exceed has made during one of the industry’s most challenging times.
“We have seen this as a long-term commitment to the industry and our unwavering strategy of diversification and internationalisation is now paying dividends.
“We have invested in retaining and growing our organisation over the past two years, continually improving and codifying our management systems; we have strengthened our supply chain capability and increased our strategic international alliances in more than 28 countries. The result is a number of highly valuable long-term contract awards, all of which we can attribute to the expertise and capabilities and proven track record that Exceed brings to any project.”
Read the article online at: https://www.oilfieldtechnology.com/special-reports/07032018/exceed-investment-yields-record-breaking-start-to-2018/