NORWEGIAN technology company PTC has set up its international business-development and operations headquarters in Aberdeen, creating an initial 10 jobs.
The firm, which designs, manufactures and supplies artificial-lift and chemical-injection systems for the oil and gas industry, plans to double its Granite City workforce in the next 12 months.
PTC said the Aberdeen base was on track to achieve turnover of £4million in its first year. The company, established in Norway in 2002, employs more than 50 people worldwide and has annual turnover of more than £10million.
Founding director Tom 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 recognised 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 recognised around the world as a centre of excellence and setting up a sales and operations base here will help to fast-track our internationalisation strategy.
“We have brought together in Aberdeen 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.”