Tekmar bucks the trend in falling oil prices by extending its reach
Since the start of the year, and against the dramatic fall in the oil price, the company has expanded its reach into new global regions, won multiple orders of repeat business and brought in six new clients so far this year including JDR Cables, FlexLife and GE Oil & Gas.
James Ritchie, CEO, commented, “Working under the stringent guidelines of the American Petroleum Institute’s API 17L specifications, we have invested and expanded our materials processes and in house testing to support the supply into this quality demanding sector. It has been tremendous to see the growth potential coming from the oil and gas division in what is described as a declining market”.
Martin Linge project
In addition, Tekmar has successfully supplied and installed equipment on the prestigious Martin Linge project. Their involvement on the landmark Norwegian development included supply of bend restrictors on the world’s longest high voltage subsea power cable at 170 km (105 miles).
Charlie Sullivan, Tekmar’s Technical Sales Manager, said: “It has been an extremely encouraging time for Tekmar following extensive business development, including the formation of a new oil and gas management team, seeing us gain increasing traction in the sector. This has resulted in us securing several significant orders for cable protection systems to be supplied on projects in Angola, Venezuela and Brazil to name a few.
“Not only are we continuing to supply our core market-leading products such as bend restrictors, j-tube seals, split pipe and TekDuct but we are also receiving more enquiries for bespoke solutions where we can deliver further added value through our innovative approach and ideas. As we continue to grow into new regions, there are an increasing number of opportunities and everyone at Tekmar is looking forward to realising this potential.”
Tekmar’s growth has seen the company expand into the Gulf of Mexico and Middle East for the first time. To support its expansion in the United Arab Emirates, Tekmar has also appointed Emdad as its strategic, local partner.
Formed in 1979, Emdad is an established service provider and EPC contractor which has played a vital role in enabling Abu Dhabi's key energy players to achieve higher levels of reliability, and performance.
Chief operating officer at Emdad, Aly Abdel Malak, said: “Emdad is committed to strengthening its products and services offering to producers and contractors in the Middle East energy industry. As part of this, we are focused on bridging the gap between trading and service activities through our selective choice of suppliers and targeted development of related products.
“Our partnership with Tekmar is fully in line with this strategy because it enables us to answer the requirements of our customers in the high growth O&G offshore sector. At the same time this provides Tekmar with opportunities for local content through our coating services as well as a closer cooperation early in the sales process with our in-house offshore installation partner. We are confident that the value this partnership will bring will be distinct, meaningful and provide many benefits to clients.”
With more than 30 years’ experience, Tekmar is a market leader in the design, manufacture and supply of subsea cables, umbilicals and flexible protection systems for the renewable energy and oil and gas industry.
Tekmar is set to exhibit at the Middle East oil and gas conference ADIPEC for the first time in November where they will be on Emdad’s stand.
Tekmar’s renewable energy division has also announced success in the past month. The firm was selected to provide its innovative TekTube on a wind farm in the Netherlands as well as supplying TekLink cable protection systems on the US’s first offshore wind farm, Block Island.
For more information about Tekmar, please visit www.tekmar.co.uk
Adapted from a press release by Louise Mulhall