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Offshore firm set to expand

PUBLISHED: 18:24 07 July 2010 | UPDATED: 21:51 01 August 2010

OFFSHORE engineering services firm Claxton is set for further expansion in the Middle East after increasing its rental business.

The Great Yarmouth-based company- part of offshore oil and gas group Acteon- has announced additional equipment available for hire from its Dubai site after growth in demand.

OFFSHORE engineering services firm Claxton is set for further expansion in the Middle East after increasing its rental business.

The Great Yarmouth-based company- part of offshore oil and gas group Acteon- has announced additional equipment available for hire from its Dubai site after growth in demand.

The equipment, used in pre-drilling, installation and maintenance in offshore oil and gas fields, has been transported from the UK to Dubai, and the company is also offering subsea and inspection cameras for hire from the base.

Nick Dale, Claxton Dubai commercial base manager, said the workforce at the Middle East base was also set to grow.

Claxton had a turnover of £33m in 2009 and employs about 100, mostly at Yarmouth, including five currently in Dubai.

Mr Dale said: “One of the company's key areas of strategic growth over the last couple of years has been the Middle East region.

“Having carried out extensive market research with clients and key business areas we are now in a position to accurately relocate equipment from the UK to the Middle East to satisfy demands.

“We will continue to review the market trends to ensure we always have the right equipment in the right place.

“The recent discoveries of large shallow water fields and continued success of large operators has meant we are now well placed to support their pre-drilling, installation and wellhead maintenance requirements.”

Mr Dale added that the Dubai team was supported by a large projects team in Yarmouth, and the firm's success in the Middle East would result in the company “aggressively growing” staff numbers in the coming year.

The move to increase the inventory of rental equipment from Dubai also reflected the firm's approach to providing equipment available quickly to customers, Mr Dale added.

“Clients have been very clear in telling us they need equipment that can be mobilised quickly from within the Middle East, and it is our goal to meet this need with an ever-growing stock of equipment.

“We are convinced that Middle Eastern customers will see genuine value in our high-quality rental tools and engineering services that will enhance their projects.”

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