REC Consultancy Services (REC) – the drilling and well engineering management company which opened its Aberdeen head office in Queens Road last year – has won more than £1m of new business as a result of its new base in the city.
New client wins include service agreements with EnQuest, ConocoPhillips, ENI, Endeavour and European Petroleum.
The specialist consultancy, founded by industry engineering veterans Dave Mackay and Richard Clarke in 2008, has grown substantially to achieve annual turnover of over £10m. However, the vast majority of its business to date has been with clients outside of the UK.
In order to achieve the next stage in the company’s growth and development, the REC team recognised that a base in Aberdeen was essential to success and wanted to establish a profile and presence in the UK market. A small team of business development experts with strong knowledge and experience in the Aberdeen market have been recruited and may be added to in the year ahead.
REC has grown dramatically in response to the growing global demand for drilling talent and well engineering construction and management expertise from oil & gas operators in both established and emerging exploration and production locations. In the last year, the company has increased the number of clients it works with and its countries of operation to now cover over 20 locations.
Uniquely, the founders of REC have led and managed their consultancy business whilst also being personally retained in well-engineering and managerial positions with leading operators, such as Noble Energy and Falklands Oil & Gas in the South Atlantic.
This hands-on, industry experience has been a real differentiator and recognised by operating companies as an advantage in terms of the team’s unique and strong understanding of the technical, commercial, environmental and logistics challenges relevant to each project and location.
Co-founder Dave Mackay – who has also been named as a Scotland Entrepreneur of the Year finalist in the annual Ernst & Young programme – said: “The last year represented a significant milestone for REC as we opened our office in Aberdeen and increased the size of our team to successfully win major local contracts.
“Whilst we continue to work globally, I am very encouraged and excited about the continued market potential in Aberdeen. It was also a great honour for the company to be named as an Entrepreneur of the Year finalist.”