An Aberdeen-based firm has won a major contract in Mexico as the country prepares to open up to foreign investment for the first time in 75 years.
Aberdeen-based Wireline Engineering’s US subsidiary, Wireline International, has secured a contract worth up to £1.9million for the supply of its patented wireline conveyance tools to Mexican state-owned petroleum company Petróleos Mexicanos (Pemex).
Chairman Bill Petrie said: “We have worked hard to develop our position in the thriving Mexican market. This is our third major contract award from Pemex and we are delighted the company is continuing to see the benefit of our specialist technologies.”
Last year the company secured key contracts in North America, Southeast Asia, West Africa and the Middle East, as the Aberdeen firm plans to continue extending its geographical footprint.
“Winning such a sizeable order further demonstrates the value of the company and its expertise to the Latin America market, and the opportunities there are for small companies with world-class products.
“We are dedicated to increasing our presence in Latin America and awards like this are the best endorsement we could hope for,” Mr Petrie added.
Wireline Engineering develops original well intervention technologies for the oil and gas industry worldwide and works with more than 200 customers in over 60 countries.
The company was established in 1998 and has international offices in the Americas, Middle East and Far East.
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