Add Energy wins new contracts worth £250,000

Add Energy's EVP, Peter Adam
Add Energy’s EVP, Peter Adam

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Energy consultancy, Add Energy, has secured new contracts totalling more than £250,000 in recent weeks, further bolstering its £1.1 million of new wins announced at the end of 2018.

The firm’s Aberdeen headquartered Asset and Integrity Management (AIM) division has also recruited 19 staff and contractors in the last month, and has plans to continue their recruitment drive over the next few weeks.

The latest agreements will see the company provide asset management and maintenance optimisation support to oil and gas operators, service companies, drilling contractors and power generation plants in the UK, Norway, North America, Monaco and Trinidad and Tobago.

Peter Adam, Add Energy’s Executive Vice President, said: “We’re off to a flying start and are optimistic that we will be able to keep the momentum going throughout 2019 and to continue to build and grow the division which will see us further expand our presence in key global regions.

“With oil and gas production expected to increase over the next five years, maintenance and integrity management is critical to both safe and efficient operations. We look forward to working with our clients to enhance their activity.”

Add Energy’s AIM team offers strategic asset management and maintenance optimisation solutions to oil and gas production facilities, power generation plants, FPSOs, drilling facilities, and mining companies. The delivery of business improvements is supported by analysis and consultancy, enabling clients to use resources effectively and safely.

Recent client projects identified more than £300,000 worth of annual maintenance savings through optimisation of man-hours and maintenance tasks, whilst another enhanced their client’s asset register by updating it with 2000 pieces of equipment that were previously unaccounted for.

Mr Adam added: “Operational excellence is an aim of every plant operator but often it can be difficult to understand the true performance and condition of assets. By combining decades of industry expertise with the latest technology, our data-driven approach provides a clear programme for improvements.”

Add Energy’s Asset and Integrity Management arm currently employs over 100 people across offices in Aberdeen and Houston.

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