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North East Engineering Firm Investing Towards Industry Upturn

North East Engineering Firm Investing Towards Industry Upturn

View all news from: Hiretech Limited
View directory entry for: Hiretech Limited

15 December 2016

Along with many others, Aberdeenshire engineering firm Hiretech Limited has witnessed the prolonged turbulence in the oil and gas industry and associated dramatic changes within the respective supply chain.  Hiretech has remained positive during this period however, embracing the opportunity presented to further develop its business offerings to capitalise on current project requirements and to prepare for an inevitable industry upturn.

Hiretech, a leading independent equipment rental, sales, service and maintenance company offering pumping spreads, powered umbilical reels, hydraulic power packs and supporting equipment, has taken a proactive approach by looking at opportunities in new sectors, investing in additional equipment and identifying further service offerings in order to enhance its overall capabilities to meet the needs of existing and new clients.

The current climate has resulted in a greater demand for cost effective solutions to meet project requirements, which Hiretech has capitalised on by offering reliable quality products with a proven track record.  The company has also looked towards new opportunities, gaining clients through developing additional market sectors, including abandonment and renewables.

Significant investment in its rental fleet has allowed Hiretech to compete effectively and to offer full package solutions to its clients. This has been achieved through the purchase of used oilfield equipment which is being refurbished to as new quality, and also through the manufacture of additional products, all undertaken by Hiretech’s in-house team of skilled and experienced technicians.

Andy Buchan, Managing Director at Hiretech, comments: "We have introduced new and additional equipment to further strengthen our rental offering, including High Powered Zone II Triplex Pumps, which enables Hiretech to offer full equipment packages to ensure the effective, efficient and successful delivery of our clients’ projects”.

"Investment has also been made to optimise existing product lines to suit a variety of project applications. Recently, an umbilical reel has been converted to constant tension, with a rotary coupling fitted to allow it to support ROV operations.  An additional umbilical reel has also been certified to full NORSOK specification for a plugging and abandonment application.  Such efforts strengthen our commitment and abilities within the industry and provide clients with the reassurance they are working with approved quality equipment.”

In addition to this, Hiretech has introduced a range of additional service offerings, including enhanced personnel training and maintenance and testing of client equipment, allowing the company to offer a full package complement to its clients.  

By embracing the opportunity for the positive, coupled with a forward thinking approach by the management team at Hiretech, the company has benefitted from continued high levels of enquiries and the company is in a good position to remain competitive in current markets as well as be prepared for an inevitable industry upturn.