Former AMC Engineering directors have established a new oil and gas services company EnerQuip, with the goal to provide torque machines and associated services to the drilling and downhole tools sectors.
The company, initially located in Tullos, Scotland, has said it plans to make an initial investment of £6 million ($9.14 m), and to move to a larger facility in the north-east in early 2016.
In addition, EnerQuip has acquired a workshop, yard and office facility in Lybster, Caithness, to host fabrication and repair activities.
The company plans to launch a new generation torque machine, for the assembly and dismantling of downhole tools, by the first half of 2016.
The chairman/engineering director of EnerQuip, Andrew Polson, sold AMC Engineering to Forum Energy Technologies (FET) nearly four years ago, and now managing director Dave Clark, a former AMC senior manager and technical director John Duncan, a former AMC director, have joined him to launch EnerQuip.
According to the company, additional three people are expected to be recruited by the end of July, with further 10 posts being created in Aberdeen and Lybster by the end of the year.
Dave Clark, managing director of EnerQuip, said: “The new business provides us with a platform to offer a unique service package that harnesses our extensive experience and in-depth knowledge of our specialist sector.”
“We’re equipped to support the international activities of industry contractors, and to do so quickly, reliably and efficiently.”
“More than that, we’re tapping into that mix of experience and expertise to develop an improved torque machine that will add a new dimension to our offering. It’s an ambitious programme, but it’s achievable because of inherent capabilities and we look forward to taking it to the market.”
According to EnerQuip, the company’s key products include a range of bucking units and fully rotational makeup and breakout torque machines and associated products, such as jar testers, containerised workshops and pipe handling systems.
Furthermore, the company’s services include torque machine servicing and upgrades, jar tester repair and maintenance, equipment design and manufacture, calibration and software support. It also provides training and consultancy services.
Additionally, the business stocks spares as part of its 24/7 service support, including dies, inserts, hydraulic cylinders, filters, hydraulic motors, hoses and fittings.