ABERDEEN oil field products firm Stable Services said yesterday it was on track for achieving 50% of total turnover from international sales following a £2million investment in global expansion in 2008.
Stable also revealed it had secured new banking facilities with the Royal Bank of Scotland to support its internationalisation strategy. New business development will be spearheaded by Andrew Imrie, who recently joined as a director.
He was previously a sales director for engineering project management company Amec and before that held senior sales and marketing positions with GE Oil and Gas and National Oilwell Varco.
In addition, Stable is re-branding itself as Stable Oilfield Services as it strives to further grow its business in the sale, rental and manufacture of supply of oil field drilling equipment.
Chief executive Rod Coffey said: “Andy’s appointment marks our intention of becoming a major global player – our rapid growth requires a more focused approach to business development.”
Mr Imrie said it was a “hugely exciting” time to be joining Stable, which operates through offices in Scotland, England, Norway, Canada, Libya, Dubai, Singapore and China. He added: “The challenge now is to ensure that the overseas growth is sustainable and to position Stable as a technologically capable company that can design and engineer tools and products that meet the increasing oil-field challenges of its customers.”