PTC Sets Up Shop in Aberdeen
PTC has established its international business development and operations head-quarters in Aberdeen, from where it plans to grow its global business.
The company which designs, manufactures and supplies well barrier accredited artificial lift and chemical injection systems for the oil and gas industry, has opened its doors in the Granite City, immediately creating ten new jobs with plans to double the workforce in the next 12 months.
On track to achieve £4 million in its first year in Aberdeen, PTC is driving its international business from 4,500 square feet of office accommodation in the city’s Great Western Road.
Established in Norway in 2002, PTC employs over 50 people world-wide with a turnover in excess of £10 million. The company provides specialist equipment which delivers a step-change in the integrity, reliability and productivity of oil and gas wells.
Led by founding director Tom Norland, the team at PTC includes some of the best-known names in the well technology arena. Former Helix RDS founders Alan Brodie and Joe Allan, Ian Taggart who spent 30 years with Shell and Jim Hardie who owned PECO are among the team.
Mr. Norland said, "Set up to take a fresh look at gas lift and hydraulic jet pumping, PTC has firmly established itself in Stavanger as a proven provider of innovative equipment to the Norwegian market.
"We recognized that to grow our business globally, we needed to be based in Aberdeen, from where many of our clients are driving their global business. Aberdeen is recognized around the world as a center of excellence and setting up a sales and operations base here will help fast-track our internationalization strategy.
"We have brought together some of the most experienced and well-known people in well operations in the North Sea and their arrival at PTC has made a real difference to our credibility in the marketplace."