Sparrows amasses $39 million in revenues with UK contract renewals
Sparrows Group, an equipment and services provider for the offshore industry, has secured contract renewals worth an estimated £30 million ($38.7M) in revenue in the first quarter of 2019.
Sparrows said on Thursday that the renewed agreements with two long standing major operators in the UK Continental Shelf (UKCS) are for the provision of crane management services over periods of one and five years.
Both contracts will see the company deliver a combination of preventive and corrective maintenance including condition monitoring; inspection, testing and certification; crane operators; rigging equipment management; mechanical handling and engineering support; and a deck operations safety coaching program.
The scope of work covers a total of 73 cranes situated on a number of manned and normally unmanned installations across both the North and Southern North Seas.
Stewart Mitchell, chief executive officer at Sparrows, commented: “Cranes are a vital component across the production and decommissioning phases of a field and as activity continues to increase it is imperative that critical equipment is correctly maintained to ensure integrity and safety at all stages of the lifecycle.”
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