ENERMECH has been awarded a contract to provide Petrofac Offshore Engineering & Operations with power tools, plant and equipment and lifting gear services.
The three-year contract, with two one-year options, is estimated to be worth £1 million.
EnerMech is already a provider on a Petrofac managed asset but the new contract extends the provision to cover all of Petrofac’s North Sea requirements.
Aberdeen based mechanical services specialist EnerMech will invest around £500,000 in new equipment and tools to service the contract. A key factor in securing the deal was EnerMech’s recent investment in IT systems, its strong health and safety record and proven ability to service major contracts.
EnerMech operations director, Phil Bentley, said: “We secured this important contract in a competitive tender against a number of providers and won against stiff competition.
“We have invested a significant sum in cutting edge IT systems, including our EnerMech LIVE system, which offers clients 24 hour online access to safety certification and equipment management.
“We are looking forward to strengthening the existing relationship we have with Petrofac and we are confident our philosophy of continual investment in the latest systems and equipment will lead to further contract wins.”
Note to Editors
EnerMech Ltd was formed in April 2008.
The company specialises in the supply, maintenance and engineering of cranes, lifting, valves and hydraulic equipment, equipment rental and the provision of training and specialist personnel to the energy industry.
With the acquisition of Specialist Maintenance Services Ltd and A1 Safety Training Consultants Ltd, EnerMech is now a leading international provider of offshore crane and lifting operations, crane personnel and safety training. EnerMech also has a significant presence in Norway following the acquisition of Bjørge ASA’s crane division in October 2008.
In April 2009, EnerMech extended its presence in the Middle East with the acquisition of UAE free zone companies Pavitt Energy Limited and Scotia Oilfield Trading FZE which has since been integrated in to the EnerMech group. Investment totalling £5.1 million ($7.5M) has been made in equipment stock rental, improvements at our bases in Ras al-Khaimah and Doha, and plans have been drawn up to build a new £3 million facility in Jebil Ali, Dubai which will be ready in 2012.
In April 2010, EnerMech acquired Aberdeen based hydraulic engineering specialist Norson Power in an £11 million deal. Norson Power provides hydraulic pipework installation and designs and manufactures hydraulic equipment for the oil, gas and marine industries.
EnerMech recently agreed a £24 million funding package with Lloyds Banking Group and, together with private equity provided by Lime Rock Partners and shareholder finance, has in place £40 million to support organic growth and further acquisitions.
In August 2010, EnerMech invested £4 million to acquire its 16 acre headquarter site in Aberdeen. A further £840,000 is being spent on refurbishments and the construction of new workshops, while another £2 million has been invested in setting up a new Valve Care division which will target the valve supply, testing, inspection and maintenance sector. In December 2010 EnerMech acquired Aberdeen Valve Supplies Ltd and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd.
EnerMech employs 580 staff at its Aberdeen headquarters and bases in Great Yarmouth, Stavanger, Dubai, Qatar, Ras al-Khaimah, Singapore, Indonesia, China, Ghana, South Africa and Perth, Australia.
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