Glacier Energy Invests in Growth across Asia-Pacific
International oilfield specialist Glacier Energy Services’ Offshore division has opened its first international base, in Singapore, investing £250,000 to set up office, workshop and warehouse facilities to support ongoing growth across the Asia-Pacific region.
Glacier is targeting a turnover of £3million in year one of operations in the Asia-Pacific, and is embarking on a recruitment campaign to build its staff in the Far East, after appointing Tony Pont as regional general manager, and Kwok Kin Yuen Gary as operations manager.
They will lead the business’ service delivery to the region from its new facility, in Jurong, Singapore, which covers 1,500 sq.ft of office, and 4,000 sq.ft of warehouse and workshop space.
Glacier’s client base in the region includes Bredero Shaw, Cameron, Wasco, Oilstates, FMC, Technip, Franks International, FTV Proclad and Saipem.
Assets from Glacier’s Roberts Pipeline Machining and Site Machining Services businesses, including a complete range of portable flange facing, drilling, Clyde pipecutting and milling machines, as well as spares, are being stocked in Singapore, ready for mobilisation across the region.
Mark Derry, managing director, said: “This is a significant investment in a region where we are seeing major growth across our operations, with rising demand for rent and purchase of our machines, as well as the skills of our specialist onsite technicians.
“Securing an in-country management team was vital to establishing our first international base and ensuring the immediate availability of our machines, and associated services, from Singapore is a key factor of our growth plan for the region
“We are now pressing forward with a recruitment campaign, to establish a highly competent team of locally-based site machining technicians to support work for key tier 1, 2 and 3 contractors on and offshore.
“As we continue to augment the range of services we deliver through the offshore division’s HQ in the UK North Sea, our offering in the Asia Pacific will also expand.”
Glacier Energy Services’ Offshore and Engineering divisions have combined turnover of more than £10million, following the group’s formation in 2011. It has more than 100 staff working across the North Sea and international markets from its operational bases in Aberdeen, Glasgow and Newcastle, in the UK, and now Singapore.
Backed by private equity providers Maven Capital Partners and the Simmons Parallel Energy Fund, Glacier relocated its headquarters to bespoke premises at Clyde Gateway East, Glasgow, Scotland in 2012, and earlier this year its Engineering division opened a new base in Boldon, Newcastle, UK.