Aberdeen-based oil, gas and nuclear engineering consultancy Optimus has concluded contracts worth more than £5 million over the past two months.
These deals include an integrity review of an ageing North Sea asset and a replacement firepumps project that included procurement and construction management.
It has also started work on two projects in the nuclear industry at Dounreay and Sellafield.
It follows a year in which Optimus’ turnover broke through the £20 million mark. The company turned over £20.4 million during 2014, up one-third on a figure of £15.4 during 2013.
Pre-tax profits were flat after the company grew its workforce from 106 to 136 and moved into a larger international headquarters on Rubislaw Den North, to facilitate growth.
The purple-patch for Optimus comes at a time when optimism in the oil and gas industry is plummeting. Oil & Gas UK’s latest Business Sentiment Index showed a dramatic fall in industry optimism on the back of rising operational costs and a substantial drop in production efficiency on the UK Continental Shelf, exacerbated by the recent slump in the oil price.
Managing Director Karl Green said: “Despite the low oil price and doom and gloom throughout the industry, we’re exceeding our chargeability targets as a growing band of industry operators realise the benefits of our common-sense approach to engineering and as we grow to a size that enables us to open up our way of working to the majors in the North Sea.
“We see a bright future for small companies of experienced people doing what they said they would do and doing it right. We have no large management overheads and no cast of ‘Ben Hur’ to watch the engineers engineer. Although there are storms ahead we’re in a very good place to weather them.”
Optimus was set up in 1999 by director Ian Bell and provides a range of engineering consultancy services. In addition to its Aberdeen headquarters, Optimus has bases in Inverness, Bangkok and Bulgaria.