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Sunday, October 23, 2016

UK's LRED Presented with Queen's Award for Enterprise

November 29, 2013

Queen's Award: Photo credit LRED

Queen's Award: Photo credit LRED

Lloyds Register Energy – Drilling (LRED), formerly ModuSpec Engineering UK Limited, was presented with the award by Aberdeen's Lord Lieutenant George Adam, acting on behalf of HM the Queen, in recognition of the company's sustained business expansion.

Lloyds Register Energy - Drilling UK is an Aberdeen, Scotland-based market leading company, providing a range of innovative services to ensure the operational integrity of drilling assets for the oil and gas sector, often working in hostile environments.

To be awarded the Queen’s Award for Enterprise in the category of International Trade, a company must show a substantial and sustained increase in export earnings over three consecutive 12 month periods, to a level which is outstanding for the products and services concerned, and for the size of the organisation.

Lloyd’s Register Energy – Drilling UK has achieved significant sales in the Netherlands, Norway and the US and increasingly in South Korea. High demand for new build drilling rigs, partly due to oil demand and the age of units currently in operation, has also seen a sharp increase for technical coaching delivered from the company’s training academy.

Margaret Mulcahy, Lloyd’s Register Energy – Drilling Sr Vice President for Europe, Africa & FSU, said: “"It is an honour to receive such a high profile award which is a tribute to the hard work put in by our staff over a number of years.”"

About the company
ModuSpec UK was established in 1989, offering a portfolio of services including rig inspections, project management and commissioning, asset integrity and maintenance management, QHSE and risk management and training.

In 2008 ModuSpec became part of the Lloyd’s Register Group and was integrated with WEST Engineering Services in 2013 as Lloyd’s Register Energy – Drilling. Lloyd’s Register Energy – Drilling has seven offices worldwide.
Pictured:  (l-r) Lord Lieutenant George Adam presents the Queen’s Award to Lloyd’s Register Energy – Drilling’s senior vice president for Europe, Africa & FSU, Margaret Mulcahy and CEO/managing director Duco de Haan.

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