Firm wins contact for offshore platform work; OIL AND GAS.
AN ENGINEERING firm is looking to treble its turnover and create more than 20 jobs after winning a pounds 2m contract in the North Sea oil and gas market.
Wynyard-based Nortech Solutions has won the work with Aberdeen-based oil and gas production company EnQuest which it sees as a major boost for Nortech and for Teesside as a whole.
Nortech will be working on a number of process simplification projects to extend the operating life of an offshore platform located in the northern North Sea.
The project is part of EnQuest's field life extension strategy after it bought out a number of BP's North Sea oil rigs, which were built during the 1970s. It involves the provision of multi-disciplinary project management and engineering services from Nortech. The work, which sees Nortech named as an approved supplier to EnQuest follows the award of two initial project management contracts this year, and will give the company scope to recruit up to 25 staff in 2012/13. The firm has already taken on 12 new employees in 2012, boosting its workforce to 44.
The Nortech group of companies, which includes specialist recruitment company Nortech Staffing, has gone from strength to strength since being established by managing director Bryan Bunn in April 2011.
Only this month, it moved into bigger offices on the Wynyard Estate near Stockton and has plans to further increase its floorspace as it continues to expand its workforce.
It has been boosted by the health of the oil and petrochemical markets and in its first annual results the company turned over pounds 1.1m and it is looking to treble that in the next 12 months, underpinned by its biggest contract win to date.
Bunn said: "We are delighted to have secured such a prestigious contract with a key player in the international oil and gas market. EnQuest is an industry leader and the services that we have been contracted to deliver will help to safeguard the future of a major North Sea platform.
"This contract will see us working with EnQuest for the next three to five years across all of its sites that require modifying and upgrading. This will lead to multiple individual projects and will inevitably bring more than pounds 2m to our company.
"This is a fantastic achievement for a company still in its infancy and it says a lot for the engineering expertise of the people of this region as to why we were chosen."
Nortech Solutions has already this year secured a number of key additional contracts including Jersey Gas Co Ltd, located in the Channel Islands.
It has also won a number of on-going engineering design contracts for other clients in the international offshore oil and gas market.
PRESTIGIOUS PROJECT Bryan Bunn, managing director of Nortech Solutions
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|Publication:||The Journal (Newcastle, England)|
|Date:||Aug 3, 2012|
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