From left, Asset55 CEO David Frame with chairman Mike Rudd
(L-R) Asset55 CEO David Frame and chairman Mike Rudd
Chloe Shakesby

North East construction software company awarded £4m of international contracts

A North East company has won £4m of contracts with global oil and gas operators.

Asset55, which is based in South Tyneside, provides flange management software, construction solutions software & completions enablement software to the global energy market.

Under the new agreements, Asset55 will deliver construction project solutions projects globally, with footprints in China, Indonesia, Dubai, North America and the North Sea.

Owned by North East entrepreneur and CEO, David Frame and chairman Mike Rudd, the business is supported by in-house engineering consultants who act as a “knowledge core”.

David Frame, CEO of Asset55,said: “We’ve seen real momentum across the last 12 months, which has given us a great foundation for our continued growth.

“We’re now working with more than half of the world’s top 10 oil and gas operators as well as leading EPCMs and service providers, so we’re firmly on track.

“Our vision has always been to enable our clients through software and technical consultancy to solve mission critical challenges, including safety, integrity, schedule and cost.

“These recent contract wins are aligned with our focus to leverage our expertise and experience to help our clients meet their objectives.

“It has been a tremendous year for the company and these new contracts are a real testament to the ability and work ethic of the entire Asset55 team.

“A strong order book, both project and federal, alongside our pipeline, sets us up to continue our rapid growth.”

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