Peterson Offshore Group BV, one of the leading energy services groups operating in the North Sea announces its consolidated results for the 12 months ending 31st December 2013.
North Sea revenues increased to £288m and operating profit increased by 9%, to £8.3m. The group’s UK based companies, including Peterson UK Ltd and 80:20 Procurement Services Ltd contributed 52% of the group’s operating profit, an increase from 33% on the previous year.
Significant growth was seen at Peterson’s offshore supply bases in Shetland where it successfully delivered a logistics project in support of capital investment schemes occurring West of Shetland.
The group’s operating companies invested a further £3.8m in buildings, plant and equipment in 2013 including a warehouse and office in the port of Aberdeen whilst simultaneously reducing the group’s Long Term Liabilities from £9.6m to £5.8m.
In total, 120 new jobs were created within the UK operating companies during 2013. The majority of these roles were in Aberdeen and Lerwick to accommodate growth in demand for Peterson’s core services.
Erwin Kooy, CEO of Peterson said:
“We have experienced positive growth in all areas of our business, and in particular for our North Sea operations. As an organisation we think in generations, with our continued success testament to the commitment of our team and their focus on our vision and plans for future growth.
“We have established international freight forwarding, recruitment, marine operations and procurement in our service offering. Most recently we established our offshore wind capability and will continue to develop our global operations and our range of integrated services.”
In 2013, 7600 square metres of warehousing and two additional berths were added in Aberdeen to support growth in its supply base management services and new teams were created to support its logistics consultancy activities following contract wins in the Middle East and India.
Substantial investment was also made in the development of bespoke logistics software in response to a growing demand for smart solutions and innovation from its customers.
“The offshore logistics sector is a competitive environment and as such we constantly strive to improve and innovate our offering for clients,” continued Erwin Kooy “With the development of our e-Logistics packages we can meet that challenge and also offer a number of additional benefits including time and cost reduction.”