A mystery drilling contractor has reduced its asset inventory in a “stock reduction “ deal for equipment worth more than £14million.
Aberdeenshire recycler Oilfield Machinery (OilMac) said it was to retrieve 200-300 “major items of high-quality surplus equipment” but did not reveal who or where from.
Inverurie-based OilMac added it was becoming a leading player in the unused equipment market by taking on “redundant” stock.
Its latest deal covers high pressure testing equipment, blow-out preventers, connectors and winches.
The company said it expected to repeat the process on further assets before the end of 2016.
Managing director Alex Fyfe added: “Current market opportunities and this latest major win sees OilMac stock increase five-fold.”
OilMac, founded in 2010, buys, sells and brokers redundant and surplus equipment in order to “maximise value recovery and reuse”.
The firm said yesterday it was increasing its team to six people and planned to add another six within a year.