Turnover up 33% as PD&MS Energy Announces Key Appointments in Pursuit of Growth Targets
29 September 2011PD&MS Energy, a leading engineering company that has increased turnover by 33%, has announced two senior appointments as part of a strategy to grow its UK and international business streams.
Dave MacKay has been appointed Chief Executive Officer PD&MS Businesses, taking on global responsibility for the group, while Simon Rio, who was General Manager at PD&MS, steps up to MacKay’s previous role as Managing Director of Aberdeen-based PD&MS Energy.
PD&MS Energy, part of the Teesside-based Wilton Group, delivers full project management, and design, engineering support to the oil and gas industry.
Services include project design, design verification and management, structural, piping, mechanical, heating, ventilation and air conditioning (HVAC) and electrical/instrumentation design, upgrade and modifications, inspection, auditing and engineering support to the drilling sector, as well as providing the same range of services to the oil and gas production and marine industries. PD&MS Energy provides a concept-to-commissioning range of services.
The expanding company has targeted substantial growth after launching new operations in Brazil, Dundee and Great Yarmouth in the past year. PD&MS Energy’s turnover for 2011 was up from £24m (US$38m) to £32m ($51m).
Bill Scott, Wilton Group Chief Executive, said: "Both appointments ensure we remain on track for further growth in the UK and internationally by developing the business through organic growth, acquisitions and joint ventures.”
Dave MacKay said: "The role provides the opportunity to build on our reputation in the United Kingdom for repeated quality service delivery, and broaden our activities into other oil producing areas.”
Simon Rio said: "The Aberdeen team will be looking to step up our integrated offering of design, fabrication, installation and maintenance which is becoming increasingly attractive to our clients in the North Sea and internationally.”
PD&MS Energy, which focuses upon brownfield engineering including upgrades and fabric maintenance for platforms and rigs, plans to grow its Aberdeen workforce from 150 to more than 200 by the end of 2012.
Its latest operation, PDeMS Energy (Brazil) Soluções de Energia Ltda, has already secured rig upgrade contracts with a global drilling contractor. The company, which has bases in Rio de Janeiro and Macae, delivers a range of solutions from initial survey work to upgrades, repair and client specific modifications.
In February, PD&MS Energy launched Wilton Dundee, a rig-upgrade and vessel-mobilisation business, which has already turned over £4million. The company also announced in July a co-operation agreement with Norwegian oil and gas services firm Apply to bid for work on drilling upgrades on the Norwegian Continental Shelf (NCS).
Wilton Group, which is on track for record turnover of £80m in 2011/2012, has three main business units, PD&MS Energy, Wilton Engineering Services (WESL) and Universal Coatings.
Wilton Engineering occupies a 50-acre construction yard with large fabrication facilities and a 35-man design engineering team in Middlesbrough, which also the location of another PD&MS Energy office and Universal Coatings.