Engineering Firmís Investment Increases Rental Fleet Pumping Capabilities

Engineering Firmís Investment Increases Rental Fleet Pumping Capabilities

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15 March 2017

Hiretech Limited has taken a positive approach to the recent turbulent oil and gas industry conditions, using the opportunities presented to significantly strengthen its position in the offshore pumping rental markets.

Hiretech, a leading equipment rental, sales, service and maintenance company offering pumping spreads, powered umbilical reels, hydraulic power packs and supporting equipment, has capitalised through the strengthening of its rental fleet pumping capabilities.  The company has recently purchased over 6,000 horse power of Hazardous Area certified pumping power to support well service, pipeline pigging and testing, decommissioning, chemical cleaning, subsea excavation and abandonment work scopes.

Hiretech Managing Director, Andy Buchan commented "We are quickly seeing the benefits of this increased horsepower capability, having tendered for contracts in the last quarter that were outside our reach until fairly recently.  We have introduced this equipment into the fleet at a cost base which allows us to further support our clients during these challenging times.  Our new build capex was reduced slightly during 2016 as we carefully assessed the conditions around us, but we have now identified the product lines that we expect to be in demand through 2017 and have allocated resources to further strengthen their market share.Ē

Hiretech has also taken the opportunity to add some breadth to the product lines available for rental by adding hoses, filtration, tote tanks, blenders and ancillary equipment to its expanding fleet.  This enhanced offering presents clients with a comprehensive one stop shop for complete pumping rental solutions.