A small independent Aberdeen based oil tools specialist has won a £3.7 million contract from industry leader Aker Solutions.
Phuel Oil Tools will through their Norwegian partners Habu Services be supplying Pressure Control Equipment (PCE) in support of a wider contract awarded to Aker Solutions for performing well service operations on the Norwegian Continental Shelf.
The three-year contract, considered to be one of the largest ever issued for PCE for the Norwegian Sector, covers equipment, training, and maintenance. Phuel will have responsibility for delivering the wireline pressure control equipment and personnel training format, with initial deliveries beginning this month (November 2009).
Phuel Oil Tools is working in conjunction with Habu Services, which will handle maintenance and operational assistance.
Habu Services is a shareholder in Phuel Oil Tools, which was established in 2005 by directors/owners Colin McCracken and Mark McCorry, both of whom have extensive experience within design, manufacture and supply of oilfield equipment.
McCracken said, "This contract is a major vindication of our product line and support capability and we are greatly looking forward to working with Aker Solutions.
"This is a tremendous reward for the all the work and effort put in by not only Phuel but also by our suppliers who have supported us throughout. It's also validation of our approach to business.
"We're here to make a difference: our business philosophy is to lower operating costs, simplify operations and boost safety while maximising efficiency through design and customer support, and we stand by these aims."
McCorry said that the training element of the contract would involve developing specific e-learning tools designed to make the product as accessible and easy to understand for the end users. A specific goal for this approach is to remove confusion sometimes caused through translation while offering clear and concise operating instructions that can be utilized worldwide.
Habu Services managing director Arild Ferkingstad said, "We as a group are extremely proud that Aker Solutions have chosen us. In today's turbulent market, this contract offers security, recognition, and acceptance for both Habu Services and Phuel Oil Tools and gives us the impetus to develop further."
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