Independent Oilfield Services (IOS), a northeast storage and inspection company is set to make an investment of up to £10 million in order to develop its site at Peterhead.
Development will add secure warehousing
The comapny has secured planning permission to develop a further 30 acres on top of its 80 acre supply base at the former Longside airfield, near Peterhead. The expansion will create secure warehouse facilities for the oil and gas and renewables industry.
The firm, which also has an office in Aberdeen’s Golden Square, currently utilises 30 acres of the site for pipe storage and inspection services. The planning permission granted by Aberdeenshire Council has given the green light for one 60 000 ft2 warehouse and a further two 30 000 ft2 warehouses, including office accommodation, car parking for around 60 vehicles and yard space.
Services provided to the oil and gas industry
Current services provided from the site, which is just four miles from Peterhead Port, include: external storage, OCTG inspection, drillpipe inspection, offshore inspection, equipment rental, transportation and tubular management. The multi-million pound development will add secure warehousing to the facility to meet customer demand.
There are currently 40 members of staff based at Peterhead working for IOS and new jobs will be created, both during and after the construction phase. IOS is in discussions with a construction firm and work on the warehouse facilities is set to commence in 3Q15, with completion estimated for the 2Q16.
Development will compliment the growing port facilities
Symon Wadsworth, Finance Director for IOS, said: “Securing planning permission for the redevelopment of the vast storage and inspection facility at Peterhead is an excellent opportunity for the business, local area and industry. We feel there is sufficient demand for both internal and external storage facilities in the Peterhead area to compliment the excellent and growing port facilities. The planning permission which has been granted will allow us to increase the services we can offer both current and potential clients with not only storage but also additional complimentary tubular services, as we look to offer more cost-effective solutions in this difficult market.”
Adapted from press release by Cecilia Rehn