Sunday, 15 September 2019

Company Updates

PD&MS Group Secures £400million Worth of Contracts

International engineering consultancy PD&MS Group has secured long term contracts in excess of £400million in the past 12 months. The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan. The business forecasts at least another 150 personnel will be required in 2020.

The round-up of wins include the recently announced life-of-field contract extension with Apache Corporation North Sea subsidiaries which will see the Aberdeen headquartered firm supporting the Beryl and Forties fields in the UK Continental Shelf. Other significant awards for the engineering, procurement and construction firm include a five-year extension with a major operator in the Caspian region and a number of contract extensions with UKCS operators ranging from two years to five years.

As part of its strategic growth plan, the company has invested a six-figure sum during the downturn to develop additional business streams across the group including rope access services, specialist joint integrity and flange joint management services, and late life asset management and decommissioning support services.

PD&MS Group CEO Simon Rio said: “We’ve had a very successful year to date with a raft of new contracts which has seen our team increase by 40% to over 500 onshore personnel across the group. Our continued progress is aligned to our business objectives, and most importantly, we are growing without losing or diluting the style and approach our clients are accustomed to, which sets us above and apart from our competition.

"The majority of the contracts being extended were originally secured during the downturn so it is particularly pleasing to see these relationships grow. For example, we started working with Apache in 2015 and the new award will see us working together for approximately 25 years. This clearly demonstrates that we are delivering on our promises and commitments and that the PD&MS model is providing the best results to support operators’ performance aspirations.”

We aim to keep you updated weekly with relevant information concerning the Offshore Energy Sector.

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Phone: +1 772.221.7720