PD&MS awarded raft of new contracts
- Business & Finance
International engineering consultancy PD&MS Group has secured long-term contracts in excess of £400 million ($490.89M) in the past 12 months. The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.
The business forecasts at least another 150 personnel will be required in 2020, the company said in a statement this week.
The round-up of wins include the life-of-field contract extension with Apache Corporation North Sea subsidiaries, which will see the Aberdeen-headquartered firm supporting the Beryl and Forties fields in the UK Continental Shelf.
Other significant awards for the engineering, procurement and construction firm include a five-year extension with a major operator in the Caspian region and a number of contract extensions with UKCS operators ranging from two years to five years.
The company has invested a six-figure sum during the downturn to develop additional business streams across the group including rope access services, specialist joint integrity and flange joint management services, and late life asset management and decommissioning support services.
PD&MS Group CEO, Simon Rio, said: “We’ve had a very successful year to date with a raft of new contracts which has seen our team increase by 40% to over 500 onshore personnel across the group.”
He added: “The majority of the contracts being extended were originally secured during the downturn so it is particularly pleasing to see these relationships grow. For example, we started working with Apache in 2015 and the new award will see us working together for approximately 25 years.”
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