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Unprecedented growth prompts restructure for EPC Offshore

- New project-specific teams established to drive further growth –

Aberdeen-based EPC Offshore has made a step-change in its management structure with the creation of three dedicated business streams to capitalise on growth in key sectors of the North Sea oil and gas industry.

The move, which will see project units focused on the Subsea, Brownfield and Floating Production Storage and Offloading (FPSO) markets, comes following the company’s rapid growth in the last two years. Since its inception in 2009, EPC Offshore has executed in excess of £10million worth of project management work and now employs a workforce of 60 people.

Now in the first quarter of its third year in business, the company has already met its target for the year, having secured £1million worth of contracts in one month alone.

The strategic shift will see the company work towards becoming a centre of excellence for FPSO projects, expanding its capabilities to incorporate due diligence, technical competency and delivery strategies for offshore operators as well as design and construction management.

The group will be led by chief operating officer Peter Kirkbride and director Anthony Quick.

EPC Offshore has also brought together an expert team focused on small-scale brownfield projects in the UK Continental Shelf. Led by topsides project group leader Alan Cairns, the group will focus on applying the same rigorous process the industry used on large projects to modification works valued at under £5million.

Subsea currently accounts for 70% of EPC Offshore’s revenue. The company plans to expand the number of project teams, strengthen its contract and procurement element and broaden its capabilities going forward.

Chief executive Keith Wallace said: “We have experienced rapid and sustained growth since the business launched in July 2009. While our focus to date has been on building a core hub of clients, it is essential we now take a long-term view on how we can continue to grow whilst retaining the fundamental elements which have contributed to our success so far.

“We have a solid platform on which to build in terms of our technical expertise. By creating these sector-specific teams our aim is to condense that expertise and deliver increased results for our clients across a wider spectrum of services.”

EPC Offshore, which has seen employee numbers double in the last 12 months, will continue to recruit as it grows the new teams.

“An increasing number of operators are looking at FPSO’s as the remaining prospects in the North Sea continue to decrease but there is very little independent expertise in the field of conversion, upgrade and new-build project and engineering management in the UK,” added Wallace.

“We see vast potential in this and the other key sectors both in terms of how we can broaden our capabilities and add value for our clients.

“We are very proud of the organisation we have built to date and this new infrastructure will play an integral part as we move into the next stage of our evolution.”

Based in Albyn Terrace, EPC Offshore works with exploration and production companies to progress projects to sanction and final delivery. It uses a comprehensive and structured set of principles to achieve maximum project value, optimum resource utilization and quality assurance.

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