EC Harris Bucks Trend, Sees Growth in Oil & Gas Market
The oil and gas arm of leading international consultancy EC Harris has seen its business grow by 80% in the last 12 months since establishing operations in strategic oil and gas locations overseas.
EC Harris' international network, focused on upstream and downstream oil and gas and petrochemicals, now includes London, Houston, Abu Dhabi, Dubai, Qatar, with Aberdeen and Calgary also on the cards.
The oil and gas team at the firm, which provides expertise to help clients successfully deliver capital projects and manage assets more productively, has recently won a series of contracts with oil majors including Shell, BG, SABIC and Saudi Aramco.
The growth in its Houston and Saudi Arabia operations is ensuring that EC Harris' strategy of achieving annual profit of £8 million in the oil and gas sector in three years is looking very achievable.
Mark Howard, Head of EC Harris' Industry Sector, said, "The fluctuating oil price has changed the dynamics of the industry and the operators' approach to capital investment projects. Increasing global demand for oil and gas, coupled with a fall in oil price in recent weeks, uncertainty of costs and infrastructure shortages mean that there is a real need to effectively manage capital projects, bringing them in on budget and on time.
"In less buoyant times, oil and gas operators changed their organizational structures, with partnering and outsourcing more common. Consequently their in-house capabilities were reduced and the management of capital programs and operation and maintenance activities have become more reliant on third party organizations.
"As part of a company that has almost a century of experience in providing multi-discipline consultancy services, we have an extensive track record of successful delivery. EC Harris has the skills and expertise to ensure that oil and gas capital projects are more predictable by procuring more effectively -- providing rigorous and bespoke project controls and services on projects.
EC Harris is an independent source of project services support and knowledge which allows clients to obtain the optimum returns throughout their asset activities including asset optimization once an asset is up and running.
"We believe that clients are now, more than ever, expecting innovation and value and that our solutions are clearly delivering this. By opening offices in Houston and Saudi Arabia, we're prepared to go where clients need us to be and establish a long-term presence beyond our existing offices across the globe."
The London-headquartered firm's operations capitalize on the growing asset integrity market around the world as oil and gas producers seek to increase production and life of their assets.
"By effectively offering services that cover the spectrum of a project life cycle -- from concept through to decommissioning -- we help ensure clients are optimizing their investment and inject time and cost certainties into the process," said Mark Howard.
"In essence we help them to address the enormous complexities that typically characterize projects, by putting in place robust processes and systems that make sure clients are making the most efficient use of the resources at their disposal -- from start to finish."
The EC Harris firm as a whole has an annual turnover of over £250million and 3,400 staff in 46 wholly-owned offices around the world.
Operates 30 Offshore Rigs
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Operates 44 Offshore Rigs
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