Arnlea secures £4m contract extension with Total

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An Aberdeen software developer has won a contract extension worth around £4million with oil and gas operator Total.

The deal will see the French energy giant continue to use Arnlea’s  Intrinsix Materials Management (MM) software around the globe until 2022.

Intrinsix MM uses technology to enable to receipt, management and inventory of equipment, and is currently used by Total across operations in the UK, Abu Dhabi, Gabon and Nigeria.

Allan Merritt, managing director at Arnlea, said: “We’re delighted to have secured another long-term contract with Total for a software product that is proven to have efficiency benefits in terms of cost and time.”

The deal follows a spate of other contract wins for Arnlea, which employs 30 people.

It has invested more than £2million in its product development in the past four years.

In January the asset management software firm inked five-year deals with two unnamed North Sea operators, worth around £2million.

It also separately announced an agreement with Shell in Ireland for the use of its inspection and maintenance services.

Those deals were for its Intrinsix EX software, which is used to manage hazardous areas and equipment.

Earlier in the year, head of business development Jim Steele said there is “huge scope for growth” for the firm this year.

In its latest financial results in the year to December 2017, the firm reported a “modest” increase in turnover of £229,000 to £1.7m as a result of improved market stability.

At the time the firm predicted business activity to increase in 2018.

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