An Aberdeen-based provider of data science and predictive analysis services has secured contracts worth £1million since the start of 2020, amid a period of significant growth for the firm.

Since the turn of the year OPEX Group have entered into agreements to collaborate with a number of global oil and gas operators to apply their X-PAS™ predictive analysis service to their offshore assets.

During the same period OPEX have bolstered their team with another 10 members of staff, to fulfil the increased demand for their services. These roles are spread across the business, from data analysts and data scientists, to software developers and oil and gas domain experts.

The company has also committed to investing a further £750,000 in research and development of new technology over the next 12 months, with several new service offerings in the pipeline.

Euan Macalister, VP of Business Development at OPEX Group, said: “We have experienced an exceptional start to the year, and continue to see increased demand for data science services to support our customers’ drive to extract maximum value from the vast volumes of data gathered on their assets.

“By investing heavily in R&D over the next year, we are demonstrating our commitment to continually enhancing the technology we use to help our customers improve performance, reduce costs and achieve compliance.

“We are also delighted to have been shortlisted in the Great Company (SME) category at the Offshore Achievement Awards and one of our senior data scientists, Matej Svoboda, has also been shortlisted for the Young Professional Award. It’s an amazing achievement for our team to be recognised alongside such worthy finalists.”