Add Energy sets sights on further expansion

Add Energy’s Asset and Integrity Management (AIM) division is on track to achieve its growth ambition of expanding its international reach and increasing the range of sectors it works with.

Speaking exclusively to OGV following the company’s Queen’s Award For Excellence win last month, Executive Vice President of Add Energy AIM, Peter Adam, says the company has been able to buck the downward trend in the oil and gas industry in recent years thanks to the expertise and hard work of the team.

He said: “The award is a fantastic achievement. It’s a reflection of years and years of hard work. It’s been a long-term process that’s resulted in this win so it’s something the team can be really proud of.

“There are a number of things that set us apart from our competitors. The delivery side of things and the reputational piece. I think it’s also the use of our blend of analysts, engineers and software solutions that keeps us competitive in a low-cost market.”

During the last six months, Add Energy AIM has secured contracts across oil and gas, power and mining totalling more than £5m. It saw earnings rise from £1m to £12.4 m between 2016 and 2018.

The company launched its cloud-based Aim-Hi™ maintenance and performance management software earlier this year and recently expanded into Saudi Arabia and Abu Dhabi while also strengthening its position in the USA with the appointment of Susan Steyn as Vice President. It is now planning to create up to 25 new jobs across the business.

“We’ve seen major wins from power generation companies, from oil and gas companies, from drilling companies and we’ve even had scopes of work in the mining industry as well.

“With the oil and gas downturn the focus was on delivering value for clients so everything we do has a return on investment, which can range from quick wins through to long term improvements for the client,” added Mr Adam.

“Looking ahead, we’ll be continuing to reinforce our message to the industry, to make sure people know who we are and what we can do. We’ll deliver a good service for our clients and continue to grow into new markets and new industries,” he said.

Add Energy’s AIM team offers strategic asset management and maintenance optimisation solutions to oil and gas production facilities, power generation plants, FPSOs, drilling facilities, and mining companies. The delivery of business improvements is supported by analysis and consultancy, enabling clients to use resources effectively and safely.