Paradigm Flow Services has secured work worth in excess of £5 million since the beginning of this year, and is said to be seeking to grow its team as the upward trend looks set to continue.
The Aberdeenshire-based oil and gas services provider has, since the start of 2017, seen the award of contracts both in the domestic UKCS market and in overseas regions including the Gulf of Mexico and West Africa.
The demand, coupled with a desire to scale the business globally, has prompted Paradigm Flow Services to increase its team by ten and the company is currently recruiting across various disciplines including Flexi-Coil, design engineering, project planning, business development and subsea services.
In addition, £1.5 million investment and expert industry support has brought to fruition new technology for subsea and pipeline flow remediation in the form of Flexi-Coil 2. It has been developed to tackle challenges to the productivity of an asset throughout its life cycle. Reportedly, the system is able to traverse multiple bends within a riser and pipeline system and can be deployed in tight spaces on an FPSO or platform without the need for excessive engineering.
Paradigm Flow Services managing director, Rob Bain, said: “Operators are very receptive to using our technologies and the value proposition is compelling, hence our very satisfactory start to 2017 both at home and abroad.
“Our production enhancement services, underpinned with innovative technologies, provide more cost-effective methods than conventional technologies and this has been a key factor in the rapid commercialisation of products such as Flexi-Coil 2.”
“We are also delighted to report significant interest in our technologies in the deepwater regions and the Middle East which will drive continued investment in further production enhancement technologies, and recruitment of additional offshore and onshore personnel.”