PD&MS Energy Announces Brazil Expansion as Demand for its Engineering Solutions Grows
28 September 2011
Wilton Group company, PD&MS Energy, has launched two new operations in Brazil as part of an international strategy to grow the oil and gas design, fabrication, installation and maintenance specialist.
PDeMS Energy (Brazil) Soluções de Energia Ltda has already secured rig upgrade contracts with a global drilling specialist. The company, which now has bases in Rio de Janeiro and Macae, delivers a range of solutions from initial survey work to upgrades, repair and client specific modifications.
Bill Scott, Wilton Group Chief Executive, said: "Our international expansion forms a key part of the overall plan at the Wilton Group and we will continue to evaluate other oil producing areas as we look to develop the business.”
Des Hatfield, Wilton Group Business Development Director, said: "We have worked with a number of drilling companies in the past and their expansion into Brazil has led to PD&MS Energy setting up our Brazilian operations at two locations.
"The new business unit will initially offer surveying, design and engineering support to drilling contractors. We estimate that there are currently 60 rigs in the area with the potential for this to almost triple in the next four to five years.
"This is the first step and we are looking to set up a design and repair facility in Brazil to support ongoing operations.”
Garron Lees, Business Development Manager at PD&MS Energy in Aberdeen, said: "PD&MS can offer engineering expertise to add value to challenging, and technically demanding, deepwater projects.
"Our experience of working with drilling contractors means we have a strong understanding of their projects and requirements. There are also pipelaying and FPSO support vessel opportunities for PD&MS in Brazil.”
Middlesbrough-based Wilton Group remains on track to record turnover of £50m-plus (US$80m) this year following strong demand for its expertise and services in the UK and increased international revenues.
Wilton Group has three main business units – PD&MS Energy, Wilton Engineering Services and Universal Coatings – providing the capability to offer fully integrated turnkey packages across a range of onshore and offshore engineering sectors.
PD&MS Energy is based in Aberdeen, Great Yarmouth, Middlesbrough and Brazil, while Wilton Engineering, which has a 50-acre site, and Universal Coatings are both in Middlesbrough. Wilton Dundee, which has a 45,000sq ft facility, was set up by PD&MS in February (2011).
The expansion into Brazil is the latest chapter in the success story of the UK-based company. Wilton Group recently secured a top ten place in a prestigious league table which ranks businesses on their overseas sales performance.
The group was listed ninth in the Sunday Times HSBC International Track 100 league table after it achieved overseas sales growth of 187% over two years.
The table offers a valuable overview of international trade growth secured by private UK companies – the 100 ranked companies saw sales grow by an average of 91% a year over two years.
The ranking represented the latest industry recognition for Wilton Group, which was named the fastest growing company in the north-east of England – and the region’s fastest growing large company – for 2010.