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Friday, May 29, 2020

Engineering and construction firm secures multi-million pound deal

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AN Aberdeen-headquartered engineering and construction firm has secured a multi-million pound deal with a North Sea operator.

PD&MS has inked a three-year deal with Spirit Energy for modification work across the firm’s central and southern North Sea exploration and production (E&P) business.

The contract, for an undisclosed multi-million pound sum, will see PD&MS carry out both onshore and offshore work.

It has worked with the Spirit Energy since 2018, providing decommissioning support in the Irish Sea’s Morecambe Bay area.

Simon Rio, PD&MS chief executive said:  “Being awarded this 3 to 5 year contract renewal for a major client in the UKCS is testament to the consistent high quality of work our teams have been delivering on their assets over the past 2 years.

“Our joint openness and collaboration has allowed us to apply value-adding and sustainable working practices and we look forward to working in partnership with them and providing engineering expertise to maximise recovery and support the energy transition agenda.”

PD&MS has operations in Aberdeen, Dundee and Baku in Azerbaijan.

It is owned by international private-equity investor Inflexion, which acquired it in July 2014 in a deal worth more than £50million.

Liam O’Neil, PD&MS vice president of operations and projects, said:  “Our fit-for-purpose approach has proven well suited to our client’s strategic objectives and principles and has established us as a trusted and reliable partner.

“One of our core values is to engage directly with our partners and we feel that the learnings we have implemented together over the last 2 years sets us up for even more success over the new contract term.”

 

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