Current News

Home   >   Current News   

EnerMech logs more than 500 million pounds worth of new work

Rig Lynx
  • By Rig Lynx
  • Jan 06, 2022
  • Category : Current News
  • Views : 145

 

With more than a half-billion pounds of new contracts secured in the last 12 months, EnerMech has kicked off 2022 by breaking into new geographies and business territories. It starts work in January on several significant campaigns, including numerous transformational mega-projects around the world.

 

During 2021, the leading integrated solutions specialist, which operates in 26 countries, was awarded over £500 million of business with new and existing clients across its target end markets, including the energy, renewables, infrastructure, nuclear and waste-to-energy sectors.

 

With some projects already underway, and new ones commencing imminently, the firm has increased its headcount by approximately 30% compared to 2020.

 

Last year, in response to the headwinds caused by low oil prices and the impact of coronavirus restrictions, EnerMech adopted a swift and proactive approach to the market that complemented its diversification strategy, with a priority focus on the health and wellbeing of its people while continuing to deliver consistent and safe service to its clients. The company also added innovative technologies and solutions to its portfolio, enhancing its capability offering to support its entry into new markets.

 

Sandeep Sharma, CFO of EnerMech said: “The diligent and responsive measures we adopted last year, as well as the investments we made, have had a truly positive impact on our people, our clients and our business. This success, combined with our ongoing resilience and determination, has set us on course for continued growth this year and beyond, growth that will safeguard jobs and create new ones.”

 

EnerMech CEO, Christian Brown, added: “After winning more than half a billion pounds of new business in the last 12 months, 2022 will be a very busy year for us. We are delivering several milestone campaigns for existing and new clients in the sectors we have traditionally supported, as well as new end markets and new regions, where clients value the reliability and safe delivery across all phases of the project lifecycle for which we are known.

 

“As well as having a healthy order book, we also have new opportunities on the near horizon. Our people are expert at listening to our clients’ needs and providing astute, tailor-made solutions, helping to grow our business and reputation for being a customer-focused, responsive partner.

 

“Our strengthened position is testament to the talent we have in-house and their hard work in these challenging times. We remain committed to the safety, development and well-being of our people, and I’m extremely proud of the excellent work they continue to deliver. I would like to thank all our teams for their continued dedication over the past 12 months."

 

Source: EnerMech

 

Join our mailing list here


We are #1 on Google and Bing for the "Largest Mobile Energy Network"

Come join our community!

Download the Rig Lynx app here

 

Comments (0)

Leave Comment


Check out our other stories

Rig Lynx
Jan 15, 2022

  TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100 days, with work expected to commence in March 2022 in direct continuation of the rig’s previously agreed work scope. The contract value of the extension is approx. USD 20.5m, including integrated services provided. Two one-well options remain on Maersk Valiant’s contract with TotalEnergies. Source: Maersk Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here  

Rig Lynx
Jan 15, 2022

  Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD.   Regarding the first contract, Saipem has received the Notice to Proceed (NTP) from Woodside, as Operator for and on behalf of the Scarborough Joint Venture, for a contract related to the Scarborough project. Saipem will complete the export trunkline coating and installation of the pipeline that will connect the Scarborough gas field with the onshore plant.    The Scarborough gas resource is located in the Carnarvon Basin, offshore Western Australia, and it will be developed through new offshore facilities connected by an approximately 430 km export trunkline with a 36”/32” diameter to a second LNG train (Pluto Train 2) at the existing Pluto LNG onshore facility. The development will be among the lowest carbon intensity sources of LNG globally. The first cargo is expected to be delivered in 2026.   The work assigned to Saipem is relevant to coating, transportation and installation of the trunkline, at a maximum water depth of 1,400 meters, including the fabrication and installation of the line structures and of the pipeline end termination in 950-meter water depth. Offshore operations are planned to start in mid-2023 and will be mainly conducted by the Castorone vessel.   The Scarborough Joint Venture comprises Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26.5%). Woodside and BHP announced on 22 November 2021 that a final investment decision has been made by the Scarborough Joint Venture to proceed with the Scarborough Project.   The second contract has been assigned to Saipem by Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil, for the Yellowtail development project located in the Stabroek block offshore Guyana at a water depth of around 1,800 meters.    Pending the necessary government authorizations and investment approval, the assignment of the contract allows the start of initial engineering and procurement activities necessary to proceed in accordance with the project program.   The contract relates to the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilicals, Risers & Flowlines (SURF).  Yellowtail is intended to be a greenfield development project encompassing subsea drilling centres, (each equipped with separate oil production, water injection and gas injection wells), linked to a new FPSO (Floating Production Storage and Offloading Unit).   Saipem’s flagship vessel FDS2 will conduct the offshore operations while Saipem’s fabrication facility in Guyana will build the deepwater structural elements.   Francesco Caio, CEO and General Manager of Saipem, commented:   'The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to execute complex offshore projects worldwide. The Scarborough project will be mainly conducted by the Castorone vessel, our versatile and state-of-the-art asset, representative of the innovative and world-class offer which Saipem is able to provide the market. The recently opened Saipem fabrication facility in Georgetown will be involved in the execution of the Yellowtail project, ensuring a positive and tangible impact on the country'.   Source: Saipem   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here  

Rig Lynx
Jan 15, 2022

  Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive 'Egypt International Bid Round for Petroleum Exploration and Exploitation' which was previously announced by the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company through the Egypt Exploration and Production Gateway.   The licenses are located in the Eastern Mediterranean Sea (Block 'EGY-MED-E5' in partnership with BP 50%-50% and Block 'EGY-MED-E6' IEOC 100%), in the Gulf of Suez (Block 'EGY-GOS-13' IEOC 100%) and in the Western Desert (Blocks 'Egy-WD- 7' in partnership with APEX 50%-50% and 'EGY-WD-9' IEOC 100%) with a total acreage of about 8,410 sq km. The licenses are placed within prolific basins with proved petroleum systems able to generate liquid and gaseous hydrocarbons and can also rely on nearby existing producing and processing facilities and on a demanding market that will allow a quick valorization of the potential exploration discoveries.   The bid results are aligned with Eni’s strategy to keep exploring and producing gas to sustain the Egyptian domestic market and contribute to LNG export, thanks to the recent restart of the Damietta LNG plant.   Eni has been present in Egypt since 1954 and is currently the country's main producer with equity hydrocarbon production of around 350,000 barrels of oil equivalent per day.   Source: Eni   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here