Well completion specialists TCO have landed a £75million deal to support oil operations on the Norwegian continental shelf.
The two-and-a-half year deal, which has the potential to be extended to six years, will see them providing chemical injection systems and framework for barrier plugs.
“This contract represents a major milestone in TCO’s long term strategic plan for growth and follows the acquisition of i-Quip Technology at the end of 2012, which further expanded the company’s capabilities and offering to the market,” said managing director Rune Moan.
The company expects the deal to double revenue at the firm by the end of 2015 to £30million.
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