An international energy logistics group has been boosted by growth in its North Sea revenues.
Peterson Offshore Group BV has announced its consolidated results for the 12 months ending December 31, 2013.
Its total revenue increased to £288 million and operating profits rose by 9%, to £8.3 million.
The group’s UK-based companies, which include Peterson UK and 80:20 Procurement Services, contributed 52% of total operating profits – an increase from 33% the previous year.
There was also significant growth seen at Peterson’s offshore supply bases in Shetland, where it delivered logistics support for capital investment projects west of Shetland.
A total of 120 new jobs were created within the UK operating companies last year.
The majority of these roles were in Aberdeen and Lerwick to accommodate growth in demand for Peterson’s core services.
Peterson chief executive Erwin Kooy said: “We have experienced positive growth in all areas of our business, and in particular for our North Sea operations.
“As an organisation we think in generations, with our continued success testament to the commitment of our team and their focus on our vision and plans for future growth.
“We have established international freight forwarding, recruitment, marine operations and procurement in our service offering.
“Most recently we established our offshore wind capability and will continue to develop our global operations and our range of integrated services.
“The offshore logistics sector is a competitive environment and as such we constantly strive to improve and innovate our offering for clients.
“With the development of our e-Logistics packages we can meet that challenge and also offer a number of additional benefits, including time and cost reduction.”
Peterson offers a comprehensive range of safe, reliable and value added logistics solutions to the energy industry in the Dutch and UK sectors of the North Sea from strategic locations.
The group employs 462 people in the UK, including 198 staff who are based at its offshore supply base in Aberdeen.
The group’s operating companies also invested a further £3.8million in buildings, plant and equipment in 2013, including a warehouse and office in Aberdeen.
Meanwhile, the group reduced long -term liabilities to £5.8million, from from £9.6 million previously.
Last year, 7600 square metres of warehousing and two additional berths were added in Aberdeen to support growth in supply base management services.
New teams were also created to support the group’s logistics consultancy activities following contract wins in the Middle East and India.
In addition, substantial investment was made in the development of bespoke logistics software in response to a growing demand for smart solutions and innovation from customers.
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