Inverness-based Orion Group has been selected to provide the manpower for a large North Sea project, in a deal which will secure £100m.
The deal sees Orion team up with Canadian-based energy company, Nexen, to supply resources to its North Sea Golden Eagle project. Comprising the Golden Eagle and Peregrine reservoirs, located 43 miles off the Aberdeen coast, the deal covers the next five years up to 2017.
The deal has also secured an extension to the existing recruitment for operational staff at Nexen’s Aberdeen, Uxbridge and offshore installations, which has been in place for two years.
Having what is said to be an “immediate impact” on the group, the deal comes as the company readies itself for further expansion.
In the same announcement, Orion also confirmed they would resource Nexen’s oil and gas basins in the North Sea, the Gulf of Mexico and in West African offshore installations. Group chairman Alan Savage also confirmed further deals were “in the pipeline”.
Orion has been a success story over recent years, showing that those companies with robust commercial finance in Scotland can still perform at the very highest of global levels.
First set up in 1987 by Mr Savage, the group has grown from a small Highland construction employment agency, to one that supplies large-scale recruitment for engineering projects across the world.
Now responsible for 3,500 UK-based staff and a further 1,500 internationally and with a client list including BP International, ExxonMobil and Shell Expro, it projects its 2012 turnover to top £360m.