EnerQuip, a new oil and gas services business launched in Aberdeen, expects to create 16 jobs with its new investment of £6 million to provide torque machines and associated services to the drilling and downhole tools sectors.
Presently based in Tullos, EnerQuip plans to move to a larger facility in the north-east in early 2016 to support anticipated growth.
In addition, it has already acquired a large workshop, yard and office facility in Lybster, Caithness, to host fabrication and repair activities.
Beyond its core specialism – the maintenance and upgrading of torque machines – the company plans to launch a new generation torque machine, for the assembly and dismantling of downhole tools, by the first half of 2016.
The business has been formed by three former senior personnel of torque business AMC Engineering.The chairman/engineering director of EnerQuip, Andrew Polson, sold AMC Engineering to Forum Energy Technologies (FET) nearly four years ago. One of his key responsibilities will be the design of the new torque machine.
Managing director Dave Clark, a former AMC senior manager, and technical director John Duncan, a former AMC director, have joined Andrew to launch EnerQuip.
The three founding members of the new business together have more than 50 years’ oil and gas experience, and over 35 years specifically in the torque and associated products arena.
The business expects to recruit an additional three people by the end of July, with a further 10 posts being created in Aberdeen and Lybster by the end of the year.
Dave Clark, Managing Director, EnerQuip, said: “The new business provides us with a platform to offer a unique service package that harnesses our extensive experience and in-depth knowledge of our specialist sector.
“We’re tapping into the mix of experience and expertise to develop an improved torque machine that will add a new dimension to our offering. It’s an ambitious programme, but it’s achievable because of inherent capabilities and we look forward to taking it to the market.”
EnerQuip’s key products include a range of bucking units and fully rotational makeup and breakout torque machines and associated products, such as jar testers, containerised workshops and pipe handling systems.