XPD8 Gears Up For Major Growth
Aberdeen-based XPD8 has strengthened its management team as it gears up for major growth in the next twelve months. Three new senior managers have been appointed to steer the business through this period of rapid growth. The company, which specialises in the management of maintenance systems for oil and gas producing assets, has a current order book value of GBP 6.5 million. It aims to create twenty new jobs to take its workforce up to 55 in the next twelve months.
Peter Saunders becomes general manager, Jeremy Lai joins as finance manager and Ian Cooper, MBE, takes up the role of maintenance engineering manager. With an MBA from RGU, Mr Saunders has worked in various roles in the oil and gas industry over the last 23 years, latterly in a project management and business improvement role with Petrofac and as a consultant to Petrotechnics.
Previously group financial controller with SSP, a private equity-backed technology company, Mr Lai has experience of different businesses and the issues affecting high growth SMEs.
Before joining XPD8, Mr Cooper MBE, was a project and operations maintenance contract manager with PSN. With a BSc (Hons) in engineering management, he served for 26 years in the RAF as an engineering officer.
Healthy Order Book
Managing director, Mark Cavanagh said: “We have an extremely healthy order book and have bolstered our management team to deliver this and drive new opportunities in the North Sea and internationally. We are anticipating strong growth in both revenue and profitability in the next year. The industry’s focus on integrity, reliability and maintenance is fuelling demand for our services not just in the mature UKCS but also overseas. We operate in a competitive sector but are continuing to win business because of our innovative approach which is based on the latest technologies, bespoke software and a wealth of experience and technical abilities. Our people find the most appropriate and effective route to delivering the best results on time and on budget.”
Asset & Integrity Management
Formed in 2003, XPD8 offers efficient and cost-effective asset management and integrity management solutions, using bespoke software and skilled engineers who specialise in asset integrity services. An investment by Maven Capital Partners into XPD8 facilitated a management buy-out in 2009. Maven’s investment of more than GBP 2 million enabled the management at XPD8 to buy into the fast-growing energy services business.
XPD8 provides oil and gas companies with computerised systems which track maintenance on their assets, increasing reliability of equipment and highlighting where and when repairs need to be made which ultimately reduce production downtime. The services XPD8 offers complement an organisations’ entire management system and include detailed business processes, collating and validating data, designing a structure for maintenance priorities, analysis of spare parts and production of operational documentation.