The five year multi-million dollar contract, with options, covers Esso assets in Bass Strait, Australia, and includes the provision of offshore crane maintenance personnel for the ExxonMobil subsidiary.
EnerMech provides a range of mechanical engineering services to the oil and gas industry and is currently setting up new base in Sale, Melbourne, to service the Esso contract and to introduce other business lines to the region.
EnerMech has been engaged on multiple ad-hoc contracts for Australian operators, including Esso, Woodside, Vermillion, Apache and Teekay Shipping, but this award is the first term contract to have been secured by EnerMech in Australia.
Ben Finlay, EnerMech’s business development director for Asia-Pacific, said: “We have a good relationship with ExxonMobil in Australia, the UK and other regions and have worked with the company on a range of projects. This award strengthens that relationship and is strategically important as it’s our first term contract with an Australian operator.
“The contract starts on December 1 but we already have a transition team in place and focused on meeting that start date. We are in the process of setting up an office and workshop facility in Sale which will assist us not only in fulfilling Esso’s requirements, but in growing our business and introducing our other business line in to the eastern Australia energy sector.”
EnerMech employs more than 550 staff at regional bases in Perth, Stavanger, UAE, Singapore, Indonesia, China, UK, and other major oil and gas hubs throughout the world.
The company recently agreed a £24 million ($38.6 million AUD) funding package with Lloyds Banking Group and together with private equity and shareholder financing has a £40 million ($64.4 million AUD) fund in place to support organic growth and acquisitions.
Note to Editors
EnerMech Ltd was formed in April 2008 and offers a safer, more customer-focused, responsive service with lower costs in the mechanical services sector within the energy industry, while delivering a much greater level of engineering and technical support than competitors can offer.
The company specialises in the supply, maintenance and engineering of cranes, lifting, valves and hydraulic equipment, equipment rental and the provision of training and specialist personnel to the energy industry.
With the acquisition of Specialist Maintenance Services Ltd and A1 Safety Training Consultants Ltd, EnerMech is now a leading international provider of offshore crane and lifting operations, crane personnel and safety training. EnerMech also has a significant presence in Norway following the acquisition of Bjørge ASA’s crane division in October 2008.
In April 2009 EnerMech extended its presence in the Middle East with the acquisition of UAE free zone companies Pavitt Energy Limited and Scotia Oilfield Trading FZE which has since been integrated in to the EnerMech group. Investment totaling £5.1 million ($7.5M) has been made in equipment stock rental, a new base in Ras al-Khaimah and existing facilities in Jebel Ali and Doha.
In April 2010 EnerMech acquired Aberdeen based hydraulic engineering specialist Norson Power in an £11 million deal. Norson Power provides hydraulic pipework installation and designs and manufactures hydraulic equipment for the oil, gas and marine industries.
EnerMech employs 550 staff at its Aberdeen headquarters and bases in Great Yarmouth, Stavanger, Dubai, Qatar, Ras al-Khaimah, Singapore, Indonesia, China and Perth, Australia.
EnerMech’s five director-owners are backed by private equity firm Lime Rock Partners and together have in place a £40 million plus funding package to support organic growth and further acquisitions.
Issued on behalf of EnerMech Ltd by Sure Public Relations. For further information please contact Stephen Rafferty on +44(0)7980 598764 or email firstname.lastname@example.org