Denham announces $110mn in contract wins
Company has won contracts in the Caspian and Middle East
Denholm Oilfield Services has announced that it has secured contracts worth $110mn in the Caspian and Middle East region in the last 12 months.
The company, which has held a presence in key locations such as Kazakhstan during the past two decades, is benefiting from long-term shutdown and maintenance contracts in the country as well as Middle East fabrication projects involving piperacks, jackets and process modules.
Emerging markets are currently being explored, including Saudi Arabia where the company currently has an initial E&I offering and hopes to grow the service portfolio.
Also, looking ahead in Kazakhstan, Denholm Oilfield Services plans to grow the breadth of its service offering in the region, potentially to include light fabrication, welding and wet calibration.
Commenting on the company’s ongoing success in the region, CEO, Michael Beveridge, said: “In the Middle East, things have held up well as capital projects are still being approved due to the low cost of extraction in the region.
"This, and our involvement in a variety of long-term projects, is standing us in good stead in this important market for our business.”