Forty Aberdeen-based staff working for a subsidiary of oil and gas services firm Scomi are to transfer to a new joint-venture.
The new firm, Augean North Sea Services, is being launched by hazardous waste-management firm Augean and Scomi using the Aberdeen and Lerwick, Shetland assets of the firm’s Scomi Oiltools (Europe) subsidiary.
Augean will pay £2.05million for a 70% controlling stake in the new firm and provide Scomi a £1million loan for it to repay existing debts.
The business will focus on drilling waste management for offshore operators using Augean’s thermal treatment and disposal facilities at Port Clarence, Stockton-on-Tees, and Scomi’s offshore waste management site in Aberdeen, and is targeting £6millionturnover.
Integration of the new business is expected to take place during the second half of 2012.
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