CNRI extends North Sea services contract with PD&MS Energy
- Business & Finance
A UK-based engineering company PD&MS Energy has secured a major five-year North Sea contract extension with CNR International (CNRI).
The Aberdeen-headquartered business will continue to provide services ranging from engineering, procurement and offshore construction for all the operator’s drilling facilities in the UK, including the Ninian North, South, Central and Tiffany platforms.
Starting in May 2014, the new deal extends the relationship between the two companies which dates back to 2003.
PD&MS Energy director of projects, Mark Lunney, said: “We have worked hard to deliver the quality of service that CNRI expects and I’m extremely pleased that the support we have provided for CNRI in the North Sea for the past 10 years has been recognised.
“By choosing to continue the association with PD&MS Energy, this significant contract extension demonstrates our ability to offer a first class service providing complex engineering solutions within the drilling environment, which is a reflection of our talented and highly skilled personnel.
“We will carry on working closely with CNRI to ensure our engineers deliver the high calibre of work they have come to rely on.”
Dave Haywood, vice president of development operations at CNRI said: “Working together with PD&MS over the past 10 years has given CNR International the continuity and confidence to deliver complex engineering projects located on our challenging North Sea mature assets.”
PD&MS Energy has more than 200 onshore personnel at locations in Aberdeen, Dundee, Great Yarmouth, Brazil and Baku, Azerbaijan. The company, which recorded a turnover of £47million in 2013 and aims to double its business by 2016, is currently looking to secure new office space in Aberdeen to house up to 400 personnel as part of its continued growth plans.
It also recently announced a £2.5million investment in a new state of the art rig repair and subsea fabrication facility in Dundee.
“We are entering a significant period of investment and growth for our company as we work towards our ambitious target of doubling the business by 2016,” added Lunney.
“Our recent contract wins, coupled with our current investment plans and the steady growth we are seeing across our operations in the UK and internationally, will allow us to realise the full potential of the business in the years ahead.”