Sparrows scores $71 million worth of deals in UAE
- Business & Finance
Sparrows Group, a provider of specialist equipment and integrated engineering services to the energy industry, has doubled the size of its operations in the United Arab Emirates after securing £55 million ($71M) in contracts over the past three months.
Sparrows said on Tuesday that the awards accelerated the company’s expansion in the drilling sector.
One of the deals is a ‘significant’ five-year award with a major E&P business as well as two large drilling equipment support contracts.
According to the company, work on the five-year fully integrated mechanical lifting equipment management project has already begun.
It will see Sparrows deliver operation and maintenance of existing pedestal cranes and overhead cranes, static lifting equipment, lifeboat davits, loose lifting equipment, and mechanical handling equipment.
The first of two major contracts for drilling equipment services in the region will see the company deliver full overhaul and recertification of nine catwalk units and eight mast cranes. The second project is for the inspection, repair and recertification of a top drive and pipe handler. The work for both contracts will be undertaken in Sparrows’ workshop facilities in Abu Dhabi.
Stewart Mitchell, CEO of Sparrows, said: “The drilling sector has been a key growth area for the business and it is fantastic to see our footprint expand in this market.
“With a robust order book in place for the next five years and a new pipeline of talent being attracted to work for Sparrows in the region, we are expecting to see the business grow exponentially as we continue to deliver operational efficiencies for our clients.”
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