Aberdeen-based data science and predictive analysis firm Opex Group is investing a further £750,000 in research and development after enjoying an “exceptional” start to 2020, during which it secured contracts worth £1million.
The company said that, since the turn of the year, it had entered into agreements to collaborate with a number of global oil and gas operators to provide services to their offshore assets.
Opex, which is based at the Collaboration Space, in Carden Place, has also added 10 new members of staff to its team over the past two months.
Euan Macalister, the firm’s vice-president of business development, said: “We have experienced an exceptional start to the year, and continue to see increased demand for data science services to support our customers’ drive to extract maximum value from the vast volumes of data gathered on their assets.
“By investing heavily in R&D over the next year, we are demonstrating our commitment to continually enhancing the technology we use to help our customers improve performance, reduce costs and achieve compliance.
“We are also delighted to have been short listed in the Great Company (SME) category at the Offshore Achievement Awards and one of our senior data scientists, Matej Svoboda, has also been short listed for the Young Professional Award. It’s an amazing achievement for our team to be recognised alongside such worthy finalists.”
The recent appointments at Opex include data analysts and scientists, software developers and oil and gas domain experts.