Source: Axis Well Technology
Aberdeen-based independent well and petroleum engineering support consultancy Axis Well Technology has announced a record first half year for the business with plans to create new jobs.
Axis Well Technology originally forecast 25% growth in turnover for 2010, which would equate to an annual sales figure of more than £13 million, however it is already on track to top this as demand surges for its services in the UK and abroad.
As a result the company, which has already taken on 23 people so far this year, will be taking on an additional 10 staff, taking the total headcount to 100. This growth has also created a number of internal promotions at Axis across the company.
Managing Director Jim Anderson said: “This is the best start to a year we have had since we began nine years ago. We are going through a very exciting phase for the company and our strategic investment in people through the tough trading conditions of 2009 is starting to pay dividends. Along with our proven track record of quality delivery this has created an excellent platform for long term, sustainable growth.
“We look to employ the best and make them better. This coupled with cross training our people to work across different disciplines has allowed us to be flexible and adaptable to our clients’ needs. We are a focused, forward-thinking independent company, committed to the development of our people.
The company has secured a number of multi-year, multi-million pound contract awards this year for North Sea and overseas services, including, completions / well services, well testing, well engineering and production technology .
One managed contract, with a major North Sea operator, is for the provision of well services, completions, well test engineering and supervision with a potential value in excess of £3 million. It will run initially for two years with further extension options built in.
Axis Well Technology has also embarked on similar managed contracts with a number of other operators in the North Sea as demand for its services grows. Its managed contract model allows the operator to call on Axis Well Technology to deliver support as and when required, yet retain the continuity of personnel with the knowledge of the operator’s assets, process and procedures.
Anderson said: “Our aim has been to provide flexibility through our service and continuity through our people on managed contracts of this type.
“We also offer a fully managed service for the provision of all requirements for well intervention services projects.”
Axis has also been recently shortlisted for the Aberdeen Chamber of Commerce’s Northern Star Business awards in the Best Medium sized company category.
Anderson said: “This was the first time we have entered for these awards and we are delighted to have been selected as one of the three finalists in this category. This achievement has been a great boost for our team here at Axis and recognises everyone for their fantastic efforts and dedication over the years.”