Northumberland firm secures "prestigious" multi-million-pound engineering deals
Cramlington based engineering firm Quanta EPC has secured two three-year framework extension agreements to provide continued engineering support for existing oil and gas clients.
The framework agreements will extend existing contracts for an additional three years with an option to extend for a further two years.
They include operations, maintenance, modifications, upgrades and all other engineering support for several offshore assets in the North Sea to help drive efficiency improvements and reduce carbon emissions.
It is the latest “huge statement of confidence” in the firm, which recently received a multi-million-pound private equity investment.
Formerly known as Fabricom Offshore Services until a management buy-out in 2018, Quanta EPC is a “key” North Sea supplier of engineering, procurement, and construction services (EPC) and boasts a “strong” oil and gas client-base.
Its “innovative” approach to brownfield modifications is helping oil and gas companies increase efficiencies and maximise oil and gas production on ageing assets.
Nick Oates, CEO at Quanta EPC, commented: “We are delighted to have secured these prestigious contracts once again with existing clients. Winning this work is testament to the high quality of our approach and our excellent working client relationships.
“We are looking forward to continuing the delivery of innovative engineering solutions and are excited to enter the next phase of our working relationship with these clients.”
By Matthew Neville – Correspondent, Bdaily
- Add me on LinkedIn and Twitter to keep up to date
- And follow Bdaily on Facebook, Twitter and LinkedIn
- Submit press releases to editor@bdaily.co.uk for consideration.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever