Aberdeen-based XPD8 Solutions has reported a strong start to 2013 after its condition monitoring team secured work worth more than $3 million (GBP 2 million) and announced plans to expand its workforce.
The company, which specializes in the management of maintenance systems for oil and gas producing assets, has been awarded contracts to deliver further condition monitoring support to CNR, Wood Group PSN and Hess over the next three years.
XPD8 currently has a full order book and to prepare for future growth the company will create 18 positions across all departments during the year.
The contract to provide condition monitoring services to CNR's platforms in the North Sea will see XPD8 maintain its existing links with the operator stretching back more than five years.
Work is also to take place for Wood Group PSN on Dana's Triton Platform in the North Sea and with Hess in Equatorial Guinea.
In supplying condition monitoring services, XPD8 provides oil and gas companies with computerized systems which identify the requirement for maintenance on their assets. This increases the reliability and safety of equipment and highlights where and when repairs need to be made.
The announcement follows a strong 2012 for XPD8's condition monitoring team when the organization acquired another condition monitoring department and expanded by one third. The team now represents a third of XPD8's workforce of 45 people.
Gordon Ellis, director at XPD8, said: "We operate in a very competitive niche but are consistently able to demonstrate high quality delivery and value for our clients. Our service is all about prevention rather than cure and our systems save our clients money by prolonging equipment life and ensuring optimal performance and safety.
"Growth has been a response to customer–led demand. Our products are increasingly being requested as the length of life for platforms and equipment continues to be extended."
Formed in 2003, XPD8 offers efficient and cost-effective asset management and integrity management solutions, using bespoke software and skilled engineers who specialize in asset integrity services.
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