STATS Group is expanding its presence in the Americas off the back of successful projects in the US and Canada.
The company expects activity in North America to improve further, with turnover growing by more than 70 per cent in both countries.
STATS, which is headquartered in Kintore, UK, recently invested approximately £2 million (US$2.5 million) in new premises and associated infrastructure to support the planned growth in the region.
According to the company, Canadian revenue is expected to grow 35 per cent in 2019, while in the US it is expected to be up 131 per cent on the previous year.
STATS has expanded into larger premises in Edmonton, Canada, where the company is now manufacturing and assembling a range of patented isolation tools for sale to clients, in addition to being available on a project basis.
The strategy of introducing the product sale model is a result of client demand and has appealed to clients who are seeking bespoke engineering solutions, proven technologies and immediate access to industry leading technology.
STATS has since delivered a leading North American gas utility with a package of equipment, including BISEP isolation tools, slab valves and SureTap hot tapping machines, while another pipeline company has added a selection of large diameter BISEPs and slab valves to its inventory.
The new 3,250 m2 Edmonton facility combines an office, workshop and extensive fabrication capacity, meaning STATS can assemble, manufacture, support and test a larger number of components and tools in Canada, allowing for quicker and more efficient turnarounds.
“This investment in larger facilities underlines our commitment to the Canadian energy and utilities sector and gives us the ability to provide high quality client-specific solutions in a much shorter timeframe,” said STATS Regional Director for Americas Stephen Rawlinson.
“Traditionally, we have provided our industry leading technology and services to clients on a rental basis but the introduction of product sales has proved extremely popular.
“This is really driving sustainable growth in our Canadian business, despite overall negativity in the Canadian oil and gas industry due to a lack of pipeline market access.
“This natural extension of our strategy gives customers immediate access to our equipment, and our portfolio has been strongly endorsed by major players in the sector as tried, tested and trusted technologies.
“We now have in place the infrastructure to support an increase in product sales and we are already seeing the fruits of this investment.”
The success in Canada has been mirrored in onshore US projects, as well as in the Gulf of Mexico, with STATS’ Houston team, led by President and General Manager Scott McNae, expected to substantially increase its local workforce by the end of 2019.
In the US, STATS engaged with several major operators on a number of complex intervention projects, which the company says delivered isolation results not previously achieved by rival technologies.
Mr McNae said STATS has supported small to large diameter pipeline projects with technologies that offer more robust isolations than were previously available.
“Our BISEP range is now a mature technology which offers a safer, fully tested and monitored double block and bleed isolation, that is now increasingly being used in the market as the go-to solution,” he said.
“The BISEP is also available with an integrated bypass option, which has allowed STATS to provide engineered solutions that were previously not available, providing our clients with several different isolation options.”
STATS also operations in Calgary, Canada; Abu Dhabi, United Arab Emirates; Qatar; and Kuala Lumpur, Malaysia.
For more information visit the STATS website.
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