NXG, the global drilling technology and services specialist, has invested more than £1m in a new Aberdeen premises and a site in Mexico to support its projects in Latin America.
The business has moved its headquarters and rental division from Hareness Circle in Altens to a nearby Ness Point, Blackness Circle.
The Mexico operation, which includes an industrial unit, offices and yard space, is based in Villahermosa, and will be headed up by regional manager (LATAM Region) Jesus Martinez, who has more than 20 years’ experience in the drilling sector.
These latest announcements come in the wake of NXG securing contracts with three global oilfield services firms in recent months. The agreements potentially represent a substantial seven-figure boost to NXG revenues.
The investment in the new Aberdeen base positions the business to support an expected increase in demand for its technology, expertise and services throughout 2021 with a substantial addition of warehouse and yard space. The combined size of the new site is 45,000 sq ft.
Rod Coffey, NXG managing director, said: “The significant investment in Aberdeen and Mexico is an essential part of our strategic plan for sustainable growth through 2021 and beyond.
“The Aberdeen site is a first-class facility that allows us to meet our UK and international objectives. The addition of a Mexico site will be a huge asset to the business for Central and South American projects and reflects our confidence in the global oil and gas market.
“We are close to agreements for two additional international bases and hope to make an announcement before the summer.”
NXG also runs a service, repair and manufacturing facility at Longside, near Peterhead.
Across all its operations, the company has increased staffing numbers from 25 at the start of 2020 to 40 today.