Busy year for XPD8, Managing Director says
- Business & Finance
Asset integrity management specialist XPD8 Solutions has secured more than £2.25 million in combined contract wins for work in the North Sea and Malaysia.
Over a period of 12 months, XPD8 will develop the work management system, which includes asset register, maintenance programme and population and analysis of ‘spares’ data for a major operator on the UK Continental Shelf.
In the Asia Pacific region, the Aberdeen-based firm’s risk mitigation department will provide quality assurance and control services on a three-year contract with a two-year extension option.
XPD8 is a specialist in maintenance engineering, condition monitoring and integrity services for the oil & gas sector. The company’s international reach has grown in the past year to cover Europe, South East Asia and Africa.
Mark Cavanagh, XPD8 managing director, said: “These latest contract wins continue what is proving to be a busy year for XPD8. We have secured work all over the world to provide services that operators are increasingly looking to use.
“Investing in the correct maintenance engineering system can help to provide a sustainable performance improvement and ensure quality standards are met. It also highlights the increasing emphasis the industry is placing on the monitoring of its assets. We have the software and skilled maintenance engineers to help clients prevent anticipated failures on assets, prolong equipment life and ensure optimal performance.
“In addition, the risk mitigation systems we have designed are successfully delivering results that provide real-time quality assurance to engineers involved in well programmes and enable operators to meet their statutory reporting requirements.”
The work in the North Sea and Malaysia will involve five members of full-time staff.
In March, XPD8 announced it had secured work to provide condition monitoring services with an operator in Equatorial Guinea as part of a £4million triple contract win that also included work with Wood Group, on behalf of Dana Petroleum, and Apache in the UK North Sea.
The company subsequently reported in April it had secured work in Ghana aboard MODEC’s TEN MV25 floating production, storage and offloading (FPSO) vessel, operated on behalf of Tullow Oil.
XPD8 has received ISO9001 accreditation for its quality management systems which ensures high standards throughout the business.