Flexlife, a specialist provider of flexible pipe integrity and engineering services for the oil and gas industry, has won a number of contracts this year to date, valued at over US$6 million for oil and gas operators in the US Gulf of Mexico, the North Sea and Malaysia.
The contracts are separate from the recently announced award from Apache North Sea Limited for subsea project management and engineering support in the North Sea.
The scope of work for the contracts includes integrity management engineering, flexible riser annulus testing and ultrasonic scanning, subsea project management and engineering support. Also included are the deployments of Flexlife’s Armadillo repair clamps and FlexGel, a cost effective permanent repair solution for mitigating corrosion in caissons, I-tubes and J-tubes.
Flexlife Chief Executive Officer Garry Millard said: “By focusing our business activity on our core competences and patented technology for cost effective integrity management, and by expanding our business acquisition activities to areas of growth, we are seeing positive results in a difficult market.”
Aberdeen-born Flexlife is widely recognised throughout the industry for its expertise and excellence in the integrity and engineering of flexible risers and flowlines. The company’s latest financial results, to year end April 2014 marked its highest revenue and profit to date, with an increase of 5% in group turnover to £14.9 million, and a 50% increase in customers.
Adapted from press release by Hannah Priestley-Eaton