A Hartlepool company that provides skilled personnel for work in the offshore oil industry has secured a £3m contract for a project in Brazil.
Over the course of nine months, Seatechs will be sending around 30 workers to the Campus Basin, where drilling, overseen by Brazilian company OGX, will be taking place.
The Seatechs team will be responsible for installing the pipeline that runs from the FPSO – a floating rig used to extract crude oil – to the sea.
Over the duration of the project, the contract will be worth just under £3m, including VAT.
Seatechs was contracted for the work by Wellstream, a company that manufactures pipes for large-scale offshore oil and gas work.
It follows on from previous work with Wellstream in Australia and Dubai, and could lead to follow-up contracts for up to a year.
Seatechs managing director Paul Cave said: “This is a really big project for us and will see up to 30 of our workers contracted during the extraction process.
“After years of being regarded as an emerging market, there is no doubt that Brazil is now one of the world’s leading players in the offshore and oil and gas industries, and as a company we’re seeing more and more demand for workers to be supplied to projects out there.
“Our workers have gained a lot of experience in Brazil.”
Seatechs, which also has an office in Guernsey, focuses on supplying high-calibre contract personnel not only for the offshore oil and gas industries, but for telecoms and renewable energy projects worldwide, covering a wide spectrum of disciplines.
It prides itself on both the skill-set of its employees and it ability to match job requirements quickly.
When the business was established by Cave in 2007, it only had around six employees, but grew quicker than anyone had imagined was possible.
“My prediction for the company was that in year one, we’d get turnover of £200,000 to £250,000,” Cave said.
“In year two, I’d thought we’d get £500,000 to £600,000 and in year three, perhaps £750,000 to £800,000. In the end, we got £1.5m, then £5.3m, then £3.6m as the recession hit.”
In 2012/13, Seatechs enjoyed its best year yet, with turnover of £8.2m.
Cave added: “The growth of Seatechs has far exceeded my expectations and I’m confident that will continue into the future.
“That is very much down to securing new clients in a very competitive marketplace where there is such a shortage of quality, skilled personnel.
“I’m passionate about my business – I understand what an offshore manager needs to do as I have been there having worked for 25 years in the industry.”