The former chief of AMC Engineering has set up a new oil and gas services business in Aberdeen with an initial £6 million investment.
The new company, EnerQuip, has been established to provide torque machines and associated services to the drilling and downhole tools sectors.
Chairman and engineering director of EnerQuip, Andrew Polson, sold AMC Engineering to US-based Forum Energy Technologies (FET) in 2011, having taken over the firm in 2004.
Polson is joined in his new venture by Dave Clark, a former AMC sales manager who joins EnerQuip as managing director and former AMC control system director John Duncan, who joins as technical director.
The new company has already acquired a large workshop, yard and office facility in Lybster, Caithness, to host fabrication and repair activities.
EnerQuip is for the moment located in Tullos, though the company plans to move to a larger facility in the north east in early 2016, “to support anticipated growth”.
The company expects to create 16 new oil and gas jobs by the end of the year.
Managing director Dave Clark said: “The new business provides us with a platform to offer a unique service package that harnesses our extensive experience and in-depth knowledge of our specialist sector.
“We're equipped to support the international activities of industry contractors, and to do so quickly, reliably and efficiently.
“More than that, we're tapping into that mix of experience and expertise to develop an improved torque machine that will add a new dimension to our offering.
“It's an ambitious programme, but it's achievable because of inherent capabilities and we look forward to taking it to the market.”