18 January 2020
MRDS Group, the Aberdeen-headquartered oilfield and marine services expert, is looking forward to a fruitful 2021 in the Middle East, following significant investment, development and commercial success in the latter part of 2020.
The company, which was acquired by the Garrick Group last August, has since seen investment to the tune of 800,000USD in personnel, new service lines and the establishment of a UAE-based entity.
Early highlights in the region have included well control equipment inspection and repair for a locally based European operator, which contributed to 700,000USD of contract awards in the UAE during Q4. The company is set to increase commitment to its client base and the region by opening a 10,000 square feet workshop facility in Dubai this spring.
In addition, MRDS has announced a total 2.7millionUSD worth of UK and international contract awards, which are due to commence early 2021 and include several newly-won drilling contractor clients.
Ian McGillivray, Managing Director comments: “Despite the ever-shifting challenges of the past 10 months, I am delighted to report that MRDS has gone from strength to strength, with our fully COVID-compliant workshops constantly operating on a full-time basis, due to domestic and international client demand.
“2021 looks set to continue that trend with several major contract awards confirmed, in addition to current tendering activity across the Middle East, Europe and West Africa. The advent of our Asset Integrity service has already broadened our sector capabilities to include renewable energy, vessel maintenance and offshore decommissioning.”
With a growth strategy focused upon the UK and UAE, MRDS grew its headcount by 20% during Q4 2020. It plans to increase this by an additional 20% over the coming 12 months.