An Aberdeen-based oil and gas service business is predicting a doubling of growth in each of the next five years on the back of growing overseas orders.
Safety systems specialist Process Safety Solutions (PSS) was formed less than three years ago but is already catching the eye of international operators.
The company currently has an annual turnover of £1.5million. Founder Dave Green told the Press and Journal the order book for the coming year already outstripped that and he forecast 100% annual growth for each of the next five years.
PSS employs 22 people but Mr Green, the firm’s operations director, said the workforce could hit 30 before the end of this year.
The firm recently signed a multimillion-pound contract with French energy firm Total to provide systems support services in the North Sea, on the operator’s North Alwyn and Dunbar platforms and at the St Fergus gas terminal. Mr Green said: “The deal with Total is a major win for us – signing contracts with companies like that tends to open more doors because you are being trusted by a major oil and gas company to provide safety services.”
PSS is already working with operators overseas but Mr Green, who worked for critical-control and safety products supplier ICS Triplex before starting up PSS, said he wanted to step up the company’s work in international markets in the coming years.
He added: “As well as our work in the North Sea, we designed and built a test unit for Mellitah Oil and Gas in Libya and have also been doing some work for Emerson on one of their projects in Saudi Arabia.”
PSS’s services included a process safety management software package, which the company plans to sell internationally as well as in the UK.
Mr Green said: “The software is attracting interest from several operators in the North Sea, but we are hoping to export it around the world because of the growing importance of safety across the oil and gas industry.”
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