How was business for your company in 2016? What impact did the below par oil prices have on your operations?
There is no doubt that low oil prices have affected everyone in the market in a negative way. However it is the adaptation to the market condition that really distinguishes strong companies from others. We have adapted to the new market norms and came up with many solutions that enabled us to sustain our growth in 2016 and gave us more work that has been supporting us through 2017. Through a series of ‘out of the box’ innovative solutions we were able to reduce our prices, while maintaining a high standard that allowed our business to remain strong throughout the whole of 2016.
Which are the major oil and gas clients that you work with in the region? What is your scope of work/what products and services does your company provide them with?
We have been working with various oil majors, both national and international, covering various sectors of the oil and gas industry. Amongst our clients are ZADCO, ADCO, ADMA-OPCO, ESNAAD and Petrofac. The range of products provided varies between modules, skids, piping work and e-houses, all the way to marine services.
Kindly talk about some of the major contracts that you have won in the past.
We have won many contracts throughout the past few years. Amongst those is the new build of the most advanced cable layer for e-marine ‘MARAM’, a vessel which has been delivered in 2016 and is successfully working in various communication projects at present; the ADCO mender project power skids for 25 complete e-houses; the ZADCO UZ750; and structural work with Petrofac.
What efforts has your company made for the skill development of the workforce, as well as for ensuring HSE standards in operations?
Human resources skills has been and will continue to be a prime focus of ASMEF. We have developed various training programmes to enhance the skills of our workforce. Both in-house and external training are a part of our training programme, which allow us to develop ways to achieve enhance productivity and efficiency. Working with oil major is a demanding task that requires our standards to be sharpened and enhanced constantly. In 2016 we completed more than a 1.6mn man hours without a single lost time incident.
