EnerMech Lifts Off With First Esso Australia Term Contract
- Business & Finance
EnerMech has been awarded a contract to provide offshore crane maintenance services for Esso Australia.
The five year multi-million dollar contract, with options, covers Esso assets in Bass Strait, Australia, and includes the provision of offshore crane maintenance personnel for the ExxonMobil subsidiary.
EnerMech provides a range of mechanical engineering services to the oil and gas industry and is currently setting up new base in Sale, Melbourne, to service the Esso contract and to introduce other business lines to the region.
EnerMech has been engaged on multiple ad-hoc contracts for Australian operators, including Esso, Woodside, Vermillion, Apache and Teekay Shipping, but this award is the first term contract to have been secured by EnerMech in Australia.
Ben Finlay, EnerMech’s business development director for Asia-Pacific, said: “We have a good relationship with ExxonMobil in Australia, the UK and other regions and have worked with the company on a range of projects. This award strengthens that relationship and is strategically important as it’s our first term contract with an Australian operator.
“The contract starts on December 1 but we already have a transition team in place and focused on meeting that start date. We are in the process of setting up an office and workshop facility in Sale which will assist us not only in fulfilling Esso’s requirements, but in growing our business and introducing our other business line in to the eastern Australia energy sector.”
EnerMech employs more than 550 staff at regional bases in Perth, Stavanger, UAE, Singapore, Indonesia, China, UK, and other major oil and gas hubs throughout the world.
The company recently agreed a £24 million ($38.6 million AUD) funding package with Lloyds Banking Group and together with private equity and shareholder financing has a £40 million ($64.4 million AUD) fund in place to support organic growth and acquisitions.
Source: Enermech, October 20, 2010;