EnerQuip, a new oil and gas services business being launched in Aberdeen, to provide torque machines and associated services to the drilling and downhole tools sectors.
The business, which is to make an initial investment commitment of US$9 million (£6 million), is expected to create 16 jobs.
Initially located in Tullos, EnerQuip plans to move to a larger facility in the northeast in early 2016 to support anticipated growth.
The company has already acquired a large workshop, yard and office facility in Lybster, Caithness, to host fabrication and repair activities.
Beyond its core specialism, the maintenance and upgrading of torque machines, the company plans to launch a new generation torque machine, for the assembly and dismantling of downhole tools, by 1H 2016.
EnerQuip's key products include a range of bucking units and fully rotational makeup and breakout torque machines and associated products, such as jar testers, containerized workshops and pipe handling systems.
The company’s services include torque machine servicing and upgrades, jar tester repair and maintenance, equipment design and manufacture, calibration and software support. It also provides training and consultancy services.
Additionally, the business stocks spares as part of its 24/7 service support, including dies, inserts, hydraulic cylinders, filters, hydraulic motors, hoses and fittings.
The business has been formed by three former senior personnel of torque business AMC Engineering who together have more than 50 years’ oil and gas experience, and over 35 years specifically in the torque and associated products arena.
The chairman/engineering director of EnerQuip, Andrew Polson, sold AMC Engineering to Forum Energy Technologies nearly four years ago. One of his key responsibilities will be the design of the new torque machine.
Managing director Dave Clark, a former AMC senior manager, and technical director John Duncan, a former AMC director, have joined Andrew to launch EnerQuip.
The business expects to recruit an additional three people by the end of July 2015, with a further 10 posts being created in Aberdeen and Lybster by the end of the year.
Image: EnerQuip founders/EnerQuip
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