Major Egyptian Contract Win Signifies International Growth for WTR
Aberdeen-based WTR has secured a major contract win with GUPCO (The Gulf of Suez Petroleum Company) worth a seven figure sum. This two year contract signifies the rapid expansion of WTR into the fast growing Egyptian market.
The contract win will result in the need for larger premises and warehouse space in Egypt, as well as 6 new appointments in the region.
GUPCO, a joint venture owned in equal shares by BP and EGPC (The Egyptian General Petroleum Company), is responsible for Oil and Gas production in the Gulf of Suez, the Western Desert and the Nile Delta. The scope of work covered in the contract between Gupco and WTR is for supply of materials and the installation of cold repair for leak fixation in the Gulf of Suez, WesternDesrt, Port Said, Dashour and Ras Bakr.
John 'Tiny' Langler, WTR chairman, said: "This contract win gives recognition to the significant investment WTR has made, updating our current business processes to ensure we work to the highest industry standards. BP is pushing forward these standards in Egypt with the help of companies like WTR.
"We have been aware of the mentoring and encouragement of UK operators, in particular BP, with regard to their recommendations and requirements to heighten awareness of Technical Safety, Environmental and Personnel Empowerment on critical safety issues. Without a doubt this policy has had a important impact on recent contract awards to WTR and clearly demonstrates the 'win win' strategy that companies like WTR, have developed globally with companies such as BP. My congratulations not only goes out to the staff of WTR and its co-ventures, but also to the way BP departments have actively encouraged us to raise the 'integrity' benchmark yet again."
Graham Birnie, managing director of WTR, said: "WTR achieved a world first at the end of 2006, by being the only oil and gas service company, both in the UK and internationally, to achieve BSI IMR and Lloyd's Register Type Approval for a composite pipe repair system. These accreditations give third-party re-assurance that all applicable legislation and international standards are being complied with and allows WTR to offer an outstanding level of service that is unrivalled globally.
"This contract win further recognizes this re-assurance and the hard work of WTR to achieve these standards. It will enable the company, through our co-contractor Gapesco, to expand operations on a global scale."
WTR has developed some of the most advanced composite products in its field - the range coming under the trademark name 'Technowrap', is a cost-effective, engineered composite solution for pipeline and pipework repairs.
- WTR Furthers Global Growth with New Company Appointments (Jul 21)
- Major Egyptian Contract Win Signifies International Growth for WTR (May 03)