3t Energy Group in deal to buy Petrofac’s training centres

18/02/2021
The Survivex Dyce headquarters, part of the 3t Energy Group

TRAINING provider 3t Energy Group has agreed a deal with Petrofac to buy its training centres in Aberdeen and Montrose.

The purchase includes Petrofac’s survival and marine, health and safety, fire and major emergency management capability and facilities.

Subscribe to our daily newsletter

Why? Free to subscribe, no paywall, daily business news digest.

However, the value of the acquisition is not being disclosed.

Other 3t companies include Aberdeen-based energy sector survival training centre Survivex, AIS Training in Newcastle and Drilling Systems, in Bournemouth.

Kevin Franklin, 3t Energy Group chief executive officer, said: “Buying Petrofac’s UK in-person training presence was an excellent opportunity that we had to explore. It allows us to extend our customer offering and demonstrates our commitment to providing the very best training to the energy industry.”

Petrofac’s Aberdeen training facilities are located in Altens and at the harbour, while the Montrose base is on Forties Road.

Mark Corrigan, 3t Energy Group chairman, said the move would have a “transformational impact” on the group.

He commented: “The deal expands our portfolio of services and our training now reaches most parts of the energy eco-system, including the fast-growing renewables sector.

“As we all hope the world returns to some normality after a tumultuous 2020, we believe there will be a huge opportunity for us to grow our business further as companies and individuals focus on upskilling and core competencies to meet the challenges of the post pandemic economy.”

 

The latest stories