Leading Aberdeenshire-based oil service company ThinJack Ltd has reached an agreement with a prominent Middle East oil and gas operating company and what could be ThinJack’s largest ever agreement in the region.
The agreement is for the removal of multiple well Christmas trees on surface platforms in the Gulf of Suez, Egypt. It follows the successful completion of emergency work to assist with the restoration of water injection, using innovative technical services, and a comprehensive tendering and contracting process.
ThinJack received help from Scottish Development International (SDI) to open up new opportunities in the Egyptian market. This has included participating in SDI-led trade missions to Egypt which introduce a range of Scottish companies and organisations to Egyptian companies, especially in the upstream energy sector.
SDI is a partnership between the Scottish Government, Scottish Enterprise and Highlands and Islands Enterprise which aims to attract inward investment to Scotland and assists Scottish based companies to trade overseas.
Guy Bromby, Managing Director, ThinJack, said: “We look forward to the well operations which will create new jobs and revenue in both Egypt and Scotland. Indeed, several five-figure sub contracts for equipment and services have already been placed with our supply companies in both countries, leading to the creation of two new full time jobs.
“This contract demonstrates the strength of niche technology service companies such as ours working proactively with their local partners and oil and gas operators to achieve significant cost savings when compared with traditional methods.”
David Rennie, international sector head for oil and gas, Scottish Enterprise, said: “ThinJack Ltd’s announcement is further evidence of Scotland’s strengths in oil and gas and its strong reputation globally.
“Through our international arm, SDI, we have supported the company’s journey into this key market and I congratulate them on this well-deserved result. It is testament to the technology, innovation and resilience of this small Scottish company in international markets together with its ability to work with both local partners and Egyptian oil and gas operating companies.”
ThinJack Ltd is headquartered in Westhill, Aberdeenshire, Scotland and operates internationally from established bases worldwide. Since its foundation in 2005, ThinJack has operated successfully throughout the North Sea, Gulf of Mexico, Australia, Middle East, West Africa and Malaysia.