Well management specialist Exceed has announced a successful first quarter of the year.
The Aberdeen-based company attributes the positive results to the significant new business it has secured in southeast Asia.
Exceed has won its first Malaysia-based contract for its performance improvement division, worth around £400,000.
The three-year call-off contract will see up to three members of the firm’s personnel mobilised to the region. There, performance coaches in the division will work alongside client rig teams, developing front line solutions to optimise efficiency, reduce costs and eliminate waste.
The firm’s well management division has also recently completed the first ever ultra-deepwater well in Myanmar. It was drilled in water depths of 5800ft, with the well planning commencing in February 2014 and the well drilled and completed by the end of March 2015. The work involved a team of 24 and was worth around £5.36million.
Exceed Canada has also bolstered the company’s international credentials, being proactively involved in the acceptance testing of a new build rig which is being purpose-built to suit the environment offshore eastern Canada.
Ian Mills, director and founder of Exceed, said: “We have experienced a strong start to 2015, particularly in southeast Asia where we have completed work on the world’s first ultra-deepwater well.
“The new business secured for our performance improvement division is also extremely significant, in a time where operators around the globe are seeking to maximise cost efficiencies and reduce waste, whilst maintaining high levels of safety and reliability. We have a strong offering and track record here.
“The work in this region is an important step forward in our global growth plans. Investment in our business has been a key part of supporting that growth, with £500,000 committed over the last 12 months.
“A particular focus has been on inward investment, bringing in new and skilled people to support Exceed’s global expansion plans, with 12 new staff members taken on in the last year. Attracting the very best talent is at the heart of our business, as it is our people and our expertise which sets us apart.”
This announcement follows the launch of Exceed’s new brand, The Exceed Trust, at the SPE/ IADC Drilling Conference and Exhibition in London last month. Involvement in the exhibition also saw members of the Exceed team encourage conference delegates to support fundraising efforts for the company’s charitable trust.
The Trust recently pledged £70,000 to build an orphanage in Ghana and during the exhibition, staff distributed building blocks to delegates as part of a “pay it forward” initiative. Each block that was returned to the company’s stand was used to create a Lego replica of the new orphanage and for every block returned, Exceed made a cash donation to the Trust.
Mr Mills continued: “As part of this event, we saw an opportunity to involve other delegates in the fantastic work of the Exceed Trust. We are immensely proud to support the build of this orphanage in Ghana, and give back to a country in which we have been working for several years.
“This was an innovative, visual way of connecting those attending the conference to a very worthy cause.”