Strong start to 2017 for Proserv with new contracts and global expansion

Energy services company Proserv has secured contracts valued at more than $12 million (around £10 million) so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India.

The wins include a significant contract with a global oil and gas operator for the delivery of a three well subsea control system in Indonesia. For a Middle East operator, Proserv will design, engineer and manufacture chemical injection systems and the company has also secured a decommissioning project in the Far East for platform and subsea well severance.

Subscribe to our daily newsletter

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

Headquartered in Westhill, Proserv has a 40 year track record of delivering bespoke technology solutions and services for the global energy industry and is continuing to expand, setting up a new engineering centre in Chennai, India and a manufacturing and fabrication facility for surface production equipment and services in Dammam, Saudi Arabia.

Underlining Proserv’s commitment to the industry in driving operational efficiency and helping to reduce decommissioning project costs, the company has recently invested over $2 million (£1.6 million) in two new Multi String Cutting (MSC) systems for well severance campaigns. Further research and development investment is planned for new technologies in 2017 with two new subsea tools set to launch in the first quarter of the year.

David Lamont, Proserv CEO, said: “It has been a strong start to the year with diverse contracts secured demonstrating the robust relationships we have with our international client base and their trust in the quality of Proserv’s products and services. It demonstrates that despite the challenging industry climate, there is an appetite for smarter technologies and solutions that challenge the norm and deliver tangible cost and efficiency results. This is an area where Proserv uniquely delivers.”

Proserv operates across 22 sites in 12 countries and continues to invest in people through the Proserv Academy, a virtual training and development organisation focused on facilitating, supporting and encouraging learning communities within the company. In the UK, the company’s Apprentice Programme has enabled 50 apprentices over the last three years to gain mentoring and on the job experience, all going on to roles in the company’s manufacturing, engineering and services departments.

The latest stories