EnerQuip, a new specialist drilling and downhole tools engineering company, has launched in Aberdeen, Scotland.
The firm has been created by Andrew Polson, Dave Clark and John Duncan – three senior directors formerly of Aberdeen’s AMC Engineering. The initial aim of the company is to provide torque machines and associated services to the downhole tool and drilling sectors. By mid-2016, it hopes to deliver a new generation of torque machines that can assemble and dismantle downhole tools.
According to the company website, its products include bucking units and fully rotational makeup and breakout torque machines plus pipe handling systems, containerised workshops and jar testers. It will also offer torque machine repair, upgrade and modification services.
The company believes the combined experience of its founders means it can support offshore oil and gas industry contractors globally.
The company’s initial investment is worth £6m, to be spent on leases, staff, equipment, and research and development. It will be located in Tullos, Scotland, with fabrication and repair facilities at a yard in Lybster, Caithness. Its start-up staff will number sixteen.
The company expects speedy growth, and has plans to move to a larger site in the north east by early 2016. It also hopes to recruit for another three positions by the end of July, and ten more posts by the end of 2015.
Chairman and Engineering Director, Andrew Polson, sold AMC to the US firm Forum Energy Technologies four years ago. Dave Clark takes the position of EnerQuip Managing Director and John Duncan becomes Technical Director.