A growing asset integrity specialist has won a five year inspection management contract in the North Sea with Nexen.
Plant Integrity Management (PIM) will provide inspection management services on Nexen’s North Sea assets, covering pressure systems, structures and pipelines. The deal – whose terms were undisclosed – come as a subcontract to Trac Oil and gas, which recently celebrated a £20million contract extension with oil and gas giant Chevron in the North Sea.
Steven Plant, managing director of PIM said, “We’re delighted to have been awarded this contract by one of the major operators in the oil and gas industry. We are extremely proud of the growth that we have achieved since PIM was set up in 2011.
“Over the past five years we have worked hard to build the business and to develop a reputation for consistently delivering high quality, technical services to our clients. During this time, we have established a close working relationship with Trac. They will be providing the inspection enactment and specialist non-destructive testing elements of this integrity management work.”
Set up with just four members of staff in 2011, PIM now employs more than 45 integrity management specialists.
The Blackburn-head-quartered company works predominantly in the North Sea and Middle East, and established its first international office in Malaysia in December.
In 2013 it launched a software product, PIM Relief, which manages data associated with pressure relief valves which has been used across 55 assets in the North Sea and the Middle East. The firm has further integrity management products in the pipeline. Other North Sea clients include CNR and Engie.
Nexen, which is owned by China National Offshore Oil Corporation (Cnooc) has led the development of the flagship £2billion Golden Eagle project. Nexen also operates the Buzzard North Sea field, along with the Ettrick and Blackbird fields, and the Scott platform serving the Scott, Telford and Rochelle fields. CNOOC acquired Canada’s Nexen and its UK North Sea assets for £9.6billlion in 2013.