Aberdeen-based well maintenance and integrity services business Well-Centric Oilfield Services reported Tuesday that the firm is looking to significantly expand its footprint in the oil and gas sector with an ambitious North Sea and international strategy to deliver 30 percent growth year on year.
The company, which is projecting a turnover of $9 million (GBP 5.5 million) this year, is looking to maintain last year’s growth rate in the North Sea and increase its turnover to $19.6 million (GBP 12 million) by 2017-18.
In line with the expansion, Well-Centric expects to more than double its workforce to 70 employees within the same period, creating new opportunities for development and recruitment.
Underpinning the move is the appointment of Chris Mawtus, to the position of CEO. Mawtus has held a number of senior roles, including being former chief operating officer of Expro International.
A highly experienced executive with over 30 years’ industry knowledge gleaned from senior roles in the service sector and with operators, in both the North Sea and internationally, Mawtus says the move marks the start of a period of transformation for the company.
“The goal has long been to build a market leading business that provides a service centered around the needs and requirements of our clients. The last two years have focused on consolidation and building our presence in the primary North Sea market and, as a result, we have garnered a sustained market share and built an impressive blue-chip client base.
“The significant opportunities currently within the North Sea sector provide us with the opportunity to expand our current product lines and develop new offerings, kick-starting the next phase in our strategic expansion.”
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