ABERDEEN oil service company Omega Completion Technology (OCT) said yesterday it had invested £2million in a new building at Dyce as part of expansion plans which will also see a 20% bigger workforce.
OCT added the move was necessary because of growing global demand for its technology.
The relocation to Kirkhill Road has also triggered a further investment of £500,000 in new workshop machinery, which the firm said was essential to developing and manufacturing its innovative downhole tools for the oil industry.
OCT’s move to Omega House, which comprises 21,000 square feet of workshop and office space, was planned three years ago.
A building on the site had to be demolished to make way for the new purpose-built accommodation.
Managing director Mark Buyers said the firm had become constrained by the limitations of its old site in Howe Moss Avenue, on Kirkhill industrial estate.
He added: “We now own a first-class facility where we will be able to increase and grow the business and, in doing so, employ more people. We . . . have 45 members of staff and are looking to increase staffing levels by 20% by creating jobs across all areas of our operations.”
Mr Buyers said the firm’s growth strategy was organic and adaptable, adding: “When we moved into our previous site 10 years ago, we did not anticipate that demand for our technology would grow as quickly as it did and that within a few years we would require much more capacity than we had available.”
Despite the previous accommodation constraints, OCT grew turnover by about 40% last year to £10million.