Scottish company Oilfield Machinery (OilMac) has been awarded a major deal with an undisclosed international drilling contractor, to hold and supply predominantly unused, equipment with a sales value in excess of $20mn.
The stock reduction programme will see OilMac retrieve between 200 and 300 major items of high-quality surplus equipment, including high pressure testing equipment, BOPs, connectors and winches, held by drill rigs, with plans to repeat the process on further assets by the end of 2016.
Alex Fyfe, managing director at OilMac said: “Current market opportunities and this latest major win sees OilMac stock increase five-fold, helping position us as the go-to low cost supplier of predominantly unused and new equipment direct to drillers and operators worldwide.”
Mr Fyfe continued: “Our commitment to safety, service and quality equipment is demonstrated by our ability to provide independent inspection and recertification, as well as global sea and air freight experience with our established engineering based approach, ensuring OilMac equipment can be provided off the shelf, with documentation and at greatly reduced prices.
The contract win has allowed the company to increase the size of its team, with plans to create a further six jobs in Scotland in the next 12 months.
“By providing a single point of contact, taking full responsibility for document control, removal, storage and re-sale of any equipment purchased and with all stock originally sourced from the major OEMs, OilMac is leading the reallocation and direct supply in the unused equipment market, making the process of dealing with redundant stock as effortless as possible.”
