ABERDEEN company Argon Isotank has invested £1.5million in new premises and equipment in the Altens area of the city.
An extra three jobs are being created, taking the workforce to nine.
Argon, which specialises in the rental and transfer of bulk-chemical tanks, was acquired for more than £4million by Aberdeen-based oilfield service company Dominion Gas at the end of last year.
Robert MacDonald, a director at Argon, said: “Becoming a part of the Dominion group opened a lot of doors for us and demand for our services has dramatically increased over the last eight months.
“With Dominion’s support, we have entered several new markets and together we have a strong presence in all of the major oil and gas regions.”
The firm invested a seven-figure sum in new tanks used to transfer chemicals, acids and liquid gases in bulk to oilfield sites both onshore and offshore. West Africa and the Middle East have become high-growth areas.
Doug Crighton, managing director of Dominion Gas, added: “For both Dominion and Argon, locations such as west Africa and the Middle East are very important regions.
“Dominion Gas recently opened a gas plant in Ghana, west Africa, in order to better serve the surrounding oil-producing countries.
“The activities of both companies complement each other well and we are anticipating continued growth in the future.”
Dominion Gas has annual turnover of more than £22million and employs 85 staff worldwide with offices in Baku, Singapore, Perth in Australia, west Africa, Norway and Houston
An August deadline for BP to agree a deal with Iraq to develop the country’s largest producing oil field, Rumaila, looks optimistic, but the British company believes it will gain the contract, according to a report yesterday.
A BP-led group including China’s CNPC secured the right to develop the field at an auction last month in Baghdad, which claims the world’s third-largest oil reserves.
BP’s was the only contract awarded of eight on offer to international energy firms, after Iraq said bidders should take much less payment than most companies were ready to accept. BP and CNPC cut their terms to payment of $2 a barrel from their initial plan of nearly $4 to win the deal.