A new oil and gas service business has launched in Aberdeen, creating 16 jobs.
Initially based in Tullos, Aberdeen, EnerQuip plans to move to a larger facility in the north-east in early 2016 to support anticipated growth.
It has been formed by three former senior bosses of Granite City-based AMC Engineering – Andrew Polson, Dave Clark and John Duncan – who together have more than 50 years’ oil and gas experience.
They have established EnerQuip to provide torque machines and associated services to the drilling and downhole tools sectors.
Beyond its core specialism, the maintenance and upgrading of torque machines, the new company plans to launch “new generation” machinery for the assembly and dismantling of downhole tools by the first half of 2016.
In its start-up phase, EnerQuip is committing £6million to investments including a long-term lease, staff, equipment and research and development.
It has also acquired a large workshop, yard and office facility in Lybster, Caithness, to host fabrication and repair activities.
The business expects to recruit an additional three people by the end of July, with a further 10 posts being created in Aberdeen and Lybster by the end of the year.
Mr Clark, managing director, said: “The new business provides us with a platform to offer a unique service package that harnesses our extensive experience and in-depth knowledge of our specialist sector.
“We’re equipped to support the international activities of industry contractors, and to do so quickly, reliably and efficiently.”
Mr Polson, EnerQuip’s chairman and engineering director, sold AMC to US firm Forum Energy Technologies nearly four years ago.
Mr Clark was a senior manager at AMC and Mr Duncan, who is now technical director at EnerQuip, was an AMC director.