ABERDEEN oil and gas industry separation technology firm Cyclotech has announced four contract wins with a combined value of about £5million.
Cyclotech has signed deals with Apache and StatoilHydro to provide produced water systems for their Forties and Statfjord fields respectively. It has also signed contracts with Venture Production and Chevron to provide wellhead de-sanding equipment to support operations in the UK and Netherlands.
Cyclotech managing director David Hadfield said: “On each of these contracts Cyclotech will be working with our clients to help them improve environmental performance, increase production and extend field life.
“In challenging market conditions, the continuing growth in our business is particularly pleasing, and the outlook for 2010 looks to be better still for us. Cyclotech now has key personnel located in Aberdeen, Stavanger, Houston and Singapore, allied to a global network of agents and re-sellers.
“I believe the geographic spread of these contract awards and the fact that in 2009 more than 80% of our sales will come from international markets endorses our international development strategy.”