Alexander Holmes, 18th December 2012
International equipment specialist ATR has won a contract with Apache to deliver technology for onshore and offshore operations in the UK North Sea, worth an initial £2.25million.
ATR, an Aberdeen-based oilfield service provider, will supply portable lifting equipment and rigging lofts to Apache across eight of its assets in the region on a three-year contract.
The deal could rise to £3.75million if extended for a further two years.
Chief executive Keith Moorhouse said the work was a significant piece of new business as the company pushed forward a strong growth strategy in UK and international waters. He added: “Apache Corp is a major name in the energy sector and this contract further emphasises the success we are achieving in terms of growth across our service offering.”
ATR added non-executive chairman Bob Forbes to its board recently and appointed David McKendrick as sales and marketing director to accelerate its growth strategy following £20million of investment and its first acquisition earlier in the year.
It has invested more than £3million in equipment this year already.