Oil & Gas

Apache signs up ATR in North Sea

ATR has invested more than £3million in new kit

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.

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