Aberdeen company Hydrasun is to increase its workforce after landing multimillion-pound international deals with oil giant BP.
The specialist provider of integrated fluid-transfer, power and control services to the global energy market has secured contracts in Angola, the Gulf of Mexico and in the Azerbaijan-Georgia-Turkey region.
Hydrasun expects the work to lead to 20 jobs; half of them in the Granite City. The firm has nearly 600 employees, the majority based in the UK.
Chief executive Bob Drummond said yesterday: “These contract wins are extremely important for the further expansion of Hydrasun’s international business.
“We have provided integrity management services to BP in the North Sea for a number of years now and we see the contract win in the Gulf of Mexico as a major breakthrough in developing our business in the US market.
“Securing the contract renewal with BP Azerbaijan, as an existing customer, is also a fantastic endorsement of the quality of product and service we provide and the technical capability of the company.”
Hydrasun was awarded a three-year deal for hose integrity management services and product supply by BP Angola on its Block 18 assets.
In addition, a new three-year master service agreement has been awarded from BP in the Gulf of Mexico. Hydrasun has been selected as a technical partner to provide integrity management services for both flexible-hose assemblies and small-bore tubing on all seven BP deepwater assets in the area.
Meanwhile, Hydrasun has a long-standing relationship in the Caspian area with BP Azerbaijan. With in-country partner Rapid Solutions, Hydrasun has now established a new company, Hydrasun Rapid Solutions. The fresh venture has been awarded the renewal of Hydrasun’s previous contract for the delivery of hose integrity management services and product supply on BP’s assets in the Azerbaijan, Georgia and Turkey regions for three years, with two one-year extension options.
Hydrasun exports to 50-plus countries and has operational bases established in Azerbaijan, Kazakhstan, Brazil and the Netherlands plus presences in west Africa, the US gulf and Middle East.
One of the company’s primary objectives is to achieve at least 20% year-on-year growth.
Sales have grown from about £60million in the year to March 2009 to more than £85million for the year to last March, with international sales growing from £18million to £31million in the same period.
The current year’s total sales are expected to be around £105million.
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