TCO, provider of well completion technologies to the global oil and gas industry, has appointed a new Managing Director and begun recruiting new staff after their move to larger Aberdeen base.
The continuation of strong sales has lead to the planned expansion of its Aberdeen workforce by a third. Earlier this year, TCO moved into its new, purpose built 1,000 square metre office and production facility in Altens. The new facility contains multiple pieces of state of the art equipment including two high pressure test systems for multi-line function testing and a heating chamber for thermal pressure testing.
Paul Betteridge, new Managing Director, TCO, said: “Given the current climate within the energy sector, we are exceptionally pleased to be able to maintain and grow the business. There is no doubt that this is down to the sound products and services we give our clients and we are keen to continue to expand our workforce, recruiting like-minded individuals to help us continue to prosper.
“2015’s turnover is predicted to match that of last year and we see real potential for international growth into 2016 and beyond.”
Mr Betteridge was appointed in March in response to company growth and to provide strategic vision, focusing on the expansion of TCO’s global presence.
Within the past six months, the company has employed eight new personnel for its Aberdeen base with two further employees are expected to join later this year, bringing the local headcount to 26 and accounting for 20% of the company’s personnel.
TCO serves the upstream oil and natural gas industry throughout the reservoir life cycle and specialises in the design, manufacture and installation of completion barrier plugs (laminated glass barrier plugs), chemical injection systems, topside chemical injection systems, multi-cycle valves and Annulus Pressure Relief Systems, as well as the provision of tubing-conveyed perforating (TCP) equipment and services.
The company currently employs 130 people across its bases in Aberdeen, Norway, North and South America, Australia, Russia, Africa and the Middle East. This number is expected to grow in the coming months as the company achieves its plans for global growth.