Paradigm Drilling Services Secures Contracts

Press Release
Wednesday, April 18, 2012
Fraser Innes (Photo: Paradigm Drilling Services).

Paradigm Drilling Services has had a strong start to 2012, securing over £1 million of new contracts in the UK and overseas.

The Aberdeenshire-based firm has signed a five-year lease on a 3,000 square-foot building adjacent to its headquarters on Thainstone Business Park, including workshop and office space to expand its research and development facilities with new drilling technology to be launched later this year.

A recruitment drive is underway. More than 30 people are now in place, and there are plans for a further 10 before the end of the year, including a general manager and additional design engineers.

The recent wins include new manufacture and servicing contracts for stabilizers and hole openers and rental and sales contracts in the UK, Middle East, West Africa and South America.  One contract alone is valued at £500,000 for the supply of tools to a client in Mexico.

“We have had an extremely positive start to 2012 securing new contracts, particularly in target global regions,” said Fraser Innes, chairman of Paradigm Drilling Services. “The new unit will enable us to greatly expand our research and development team and give our engineering staff a clean assembly and test area, as well as additional offices. We have filed six new patents in the last year with the main focus on enabling technology for extended reach drilling and completions.”

Paradigm Drilling Services, a subsidiary of the Netherlands-based Paradigm Group, reported a turnover of £2.2 million in 2011 and is expected to double this in 2012.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Williamson Named GM of Donjon-Smit

Donjon-Smit, LLC, an OPA-90 Alliance, announced that after a recent Board of Directors meeting Tim Williamson has been promoted to General Manager of Donjon-Smit,

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

Offshore

Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it

Another Fugro Vessels Joins Largest SEEP-Hunting Survey

Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting

JIP Validates DNV GL's Helica Software

A joint industry project run by DNV GL has replicated stresses measured in an umbilical subjected to tension and bending in full-scale tests, further validating

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 3.2797 sec (0 req/sec)