A small Aberdeen oil and gas service firm has landed two contracts expected to be worth more than £35million in total over five years.
G.O.T. – which sources and supplies a huge range of oilfield equipment for clients – has won deals with Talisman Energy (UK) and Mobil North Sea.
The Granite City company, which employs only 13 people at its York Street base, was subject of a management buyout supported by Clydesdale Bank last year.
Managing director Warren Anderson, who started with G.O.T. 14 years ago, said the business was producing excellent results in the current economic climate adding that the significant awards from Talisman and Mobil had secured its position in the marketplace for the medium term. He said: “The first-class service we provide has allowed us to win these deals ahead of larger rivals.
“This allows us to continue our organic growth and expand our customer base both in the UK and overseas, particularly on the west coast of Africa.
“We have invested heavily in new IT equipment and software to allow us to better service our existing clients and it also makes us a more attractive prospect to potential new clients.”
G.O.T. is expecting to add to its workforce in the months ahead, but cannot be specific on exact numbers yet.
The contract with Talisman is the largest North Sea award for G.O.T. since the creation of the Aberdeen firm 17 years ago. This is a new deal and runs for five years, with a potential five-year extension, and covers all the operator’s North Sea assets. G.O.T. has worked with Talisman for about 10 years, but the new contract has much wider responsibilities.
The Mobil agreement involves supporting the Beryl field and Sage gas plant at St Fergus. G.O.T. has worked with Mobil for 10 years.
Mr Anderson said his company’s turnover was on target to reach £18million this year, up 30% on 2008.
Jamie Ritchie, director of corporate banking for Clydesdale Bank in Aberdeen, said: “G.O.T. is undoubtedly a genuine Scottish success story.
“The drive and focus Warren and his team have on delivering exceptional service standards has ensured that, since the management buyout, the business has gone from strength to strength, delivering additional contracts in the UK as well as further international expansion.
“Clydesdale Bank is committed to nurturing and supporting local indigenous businesses and has been delighted to provide ongoing support to the management buyout of G.O.T.
“It is clear the business has a bright future and we look forward to continuing to support the team with their future ambitions.”