Integrated environmental service specialist TWMA has announced contract wins of £25million in the past quarter.
The majority of the work landed by the Aberdeen company will take place in Nigeria, Egypt and the UK and includes new projects with Total and Senergy, plus extensions to contracts for BP, ExxonMobil and Oilexco.
The new contracts mostly involve handling the cuttings that are a by-product of the drilling industry both onshore and offshore, using thermal technology to separate them into water, oil and solids which can then be recycled.
One new UK North Sea deal with Total, which has been a client of TWMA for five years, is worth more than £10million for three years’ work with the option of extending for a further two.
An additional contract for Total is to be carried out in Nigeria where TWMA has been operational for more than two years at Onne, Port Harcourt, for cuttings handling, processing and bin hire.
New deals have also been won in Nigeria with Mart Energy and Afren for supplying onsite cuttings handling and onshore processing for two swamp-rig operations and one offshore rig respectively.
Meanwhile, BP Egypt has extended its agreement by a further two years. The contract covers all BP’s drill cuttings handling, processing, slops, vessel healthcare and pit cleaning and has an additional value of £5million.
Ronnie Garrick, managing director of TWMA, said: “Our business is growing significantly, with increasing demand for our services leading to contract wins in domestic and international markets. We have invested in new equipment to make sure we can meet that demand from the oil and gas sector for the cost-effective environmental services we offer.
“TWMA is a world leader in the handling and treatment of waste generated by drilling operations and we anticipate further major growth as the need for our services grows throughout the world through the impact of legislation on the oil and gas industry.”
TWMA employs 300 people worldwide and recently revealed plans to invest more than £3million in a new Aberdeen HQ as part of its strategy to expand the business and create more jobs.
It plans to relocate most of its staff from its base at Tullos to the former Vetco Gray building in Broadfold Road, Bridge of Don.
Tanzania will hold a fresh oil and gas exploration licensing round next year if it fails to strike deals with explorers for any of four areas under negotiation, a senior official said yesterday.
Last year, the state-run Tanzania Petroleum Development Corporation (TPDC) invited bids for six inland blocks in a mini licensing round, and is about to start talks with prospectors about four of them. TPDC exploration director Halfani Halfani said: “Over the next couple of months we shall be very busy trying to negotiate.”
Interest in east Africa has never been higher as oil and gas explorers seek to spend record profits. Tanzania, with a reputation for stability in a volatile region, has so far discovered gas at four sites.