Nov 2013 – £5m target as Scopus Engineering launches Middle East push at ADIPEC 2013
£5m target as Scopus Engineering launches Middle East push at ADIPEC 2013
Energy services company Scopus Engineering says its new Middle East operation could generate as much as £5m (US $8m) in revenue by the end of 2014.
The Aberdeen-based business, which provides dimensional control survey services to the global energy industry, will formally launch its new Abu Dhabi office at key oil and gas event ADIPEC (November 10-13).
Scopus Engineering increased turnover by 37% this year – up from £15m to £20.6m for its latest financial year-end.
Andy Inglis, a director at Scopus Engineering, said:
“We’ve an established reputation among our existing client base for delivery of quality services and we’re convinced our new Abu Dhabi operation will exceed expectations, generating significant turnover from the outset.
ADIPEC will be a key platform to promote our expertise and capabilities to an established and knowledgeable market. We’re looking forward to growing the business in the region by working with existing clients and developing relationships with new ones.”
Four jobs have been created at the Abu Dhabi office, with additional support initially provided from the company’s other operations in Aberdeen, Malaysia, Brunei and Azerbaijan.
Scopus has increased its overall head count from 138 in 2012 to 255 today – a rise of 85% – with 110 personnel having completed the company’s highly-regarded internal training programme.
Earlier this year, Scopus Engineering announced a £13m investment from Growth Capital Partners (GCP) for a minority stake in the business, with founders and directors, Andy Inglis and Tom Bryce, remaining as majority shareholders.
John Forrest, a former senior vice-president with Talisman Energy, was appointed non-executive chairman following the investment from GCP. Additionally, chief financial officer Mark Fraser joined the business from a major international oil and gas services business.
More than 50,000 visitors are expected to attend ADIPEC (the Abu Dhabi International Petroleum Exhibition and Conference) which is held at ADNEC (the Abu Dhabi National Exhibition Centre).
Scopus Engineering will be exhibiting within the UK Group area at stand 8355 and will also have a presence at the NAMA Development Enterprises stand at 6210.
Founded in 1991, Scopus Engineering is a provider of electronic survey and engineering services to the upstream oil and gas sector. Scopus is an industry leader in performing precision surveys offshore, capturing data for use in engineering and fabrication drawings using its own in-house developed processes and smart software.
Scopus Engineering’s clients include international oil companies and major contractors who use its services to support on-going, essential maintenance work.