EPC Offshore said yesterday it had already reached its turnover target for the current financial year after winning a string of contracts in one month.
The Aberdeen firm, which was set up in 2009 to help oil and gas companies turn development opportunities into commercially successful assets, said it clinched £1million of work in August.
Although the company is still in the first quarter of its financial year, it said August’s performance had exceeded its expectations for the whole year. It now employs 60 people after doubling staff numbers in 12 months, and said it would continue to add to its workforce in the coming year.
EPC also said it planned to shake up its management structure to focus on three separate divisions: subsea, brownfield and floating production vessels.
Chief executive Keith Wallace said: “We have experienced rapid and sustained growth since the business launched in July 2009.
“While our focus to date has been on building a core hub of clients, it is essential we now take a long-term view on how we can continue to grow. We are very proud of the organisation we have built to date and this new infrastructure will play an integral part as we move into the next stage of our evolution.”
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