Mechanical services company EnerMech has been awarded an £8.2 million ($12M) crane operation, maintenance and inspection contract by BP Exploration (Caspian Sea) Ltd in Azerbaijan.
The three year deal includes the provision of core personnel for offshore crane operations in Baku, lifting equipment, engineering and technical services, spare parts, repair and refurbishment and training services.
The workscope covers 12 BP offshore pedestal cranes operating in the Chirag, Central Azeri, West Azeri, East Azeri and deepwater Gunashli developments, as well as the Shah Deniz gas development project in the Azerbaijan sector of the Caspian Sea.
It’s anticipated EnerMech will deploy an average of 60 staff per year in Baku, including offshore core crews, ad hoc crews and office staff. An important element of the deal is EnerMech’s commitment to employ Azeri nationals in the majority of posts within 30 months of the start of the contract.
To support the nationalisation programme, EnerMech will mobilize a new £500,000 state-of-the art Crane Simulator to Baku for crane operator competency assessment and additional onshore training for Azerbaijani staff.
EnerMech managing director, Doug Duguid, said the award by BP-operated projects was a major breakthrough for the Aberdeen-based company and represented its first crane contract with the international operator.
Mr Duguid said: “This is undoubtedly an important award by BP-operated projects which underlines our international credentials for being able to undertake wide ranging crane maintenance and training workscopes.
“A differentiator was our willingness to commit to training and employing Azerbaijani nationals during the entirety of the contract and that process will start as soon as our crane simulator arrives in Baku.”
Mr Duguid said the award would also see a staffing up of EnerMech personnel in Azerbaijan in preparation for expanding operations in to other countries in the Caspian region.
He added: “This contract is important strategically as it allows us the opportunity to introduce our other service lines such as equipment hire, hydraulics, hose management and training in to Azerbaijan and it also gives us a springboard for future expansion in to Kazakhstan, Turkmenistan and Georgia.”
In April EnerMech acquired hydraulics engineering firm Norson Power in an £11 million deal and the enlarged group’s 2010 revenue is forecast to exceed £60 million.
Note to Editors
EnerMech Ltd was formed in April 2008 and offers a safer, more customer-focused, responsive service with lower costs in the mechanical services sector within the energy industry, while delivering a much greater level of engineering and technical support than competitors can offer.
The company specialises in the supply, maintenance and engineering of cranes, lifting and hydraulic equipment, rental of hand tools and zoned equipment and provision of training and specialist personnel to the energy industry.
With the acquisition of Specialist Maintenance Services Ltd and A1 Safety Training Consultants Ltd, EnerMech is now a leading international provider of offshore crane and lifting operations, crane personnel and safety training. EnerMech also has a significant presence in Norway following the acquisition of Bjørge ASA’s crane division in October 2008.
In April 2009 EnerMech extended its presence in the Middle East with the acquisition of UAE free zone companies Pavitt Energy Limited and Scotia Oilfield Trading FZE which has since been integrated in to the EnerMech group. Investment totaling £5.1 million ($7.5M) has been made in equipment stock rental, a new base in Ras al-Khaimah and existing facilities in Jebel Ali and Doha.
In April 2010 EnerMech acquired Aberdeen based hydraulic engineering specialist Norson Power in an £11 million deal. Norson Power provides hydraulic pipework installation and designs and manufactures hydraulic equipment for the oil, gas and marine industries.
EnerMech employs 440 staff at its Aberdeen headquarters and bases in Great Yarmouth, Stavanger, Dubai, Qatar, Ras al-Khaimah, Singapore, Indonesia, China and Perth, Australia.
EnerMech’s five director-owners are backed by private equity firm Lime Rock Partners and together have in place a £30 million plus funding package to support organic growth and further acquisitions.
Issued on behalf of EnerMech Ltd by Sure Public Relations. For further information please contact Stephen Rafferty on +44(0)7980 598764 or email email@example.com