Subsea specialist Tekmar defies downturn with continued growth
NEWTON AYCLIFFE, United Kingdom -- Subsea cable protection specialist, Tekmar Energy, is bucking the market trend after experiencing steady growth in the oil and gas sector during what has been a challenging time for the industry.
Since the start of the year, and against the dramatic fall in the oil price, the company has expanded its reach into new global regions, won multiple orders of repeat business and brought in six new clients so far this year, including JDR Cables, FlexLife and GE Oil & Gas.
“Working under the stringent guidelines of the American Petroleum Institute’s API 17L specifications, we have invested and expanded our materials processes and in house testing to support the supply into this quality demanding sector,” James Ritchie, Tekmar’s CEO, said.
In addition, Tekmar has successfully supplied and installed equipment on the Martin Linge project. Their involvement on the landmark Norwegian development included supply of bend restrictors on the world’s longest high voltage subsea power cable at 105 miles.
Middle East
“It has been an extremely encouraging time for Tekmar following extensive business development, including the formation of a new oil and gas management team, seeing us gain increasing traction in the sector," Charlie Sullivan, Tekmar’s technical sales manager, said. "This has resulted in us securing several significant orders for cable protection systems to be supplied on projects in Angola, Venezuela and Brazil to name a few."
“Not only are we continuing to supply our core market-leading products, such as bend restrictors, j-tube seals, split pipe and TekDuct, but we are also receiving more enquiries for bespoke solutions where we can deliver further added value through our innovative approach and ideas,” Sullivan added.
Tekmar’s growth has seen the company expand into the Gulf of Mexico and Middle East for the first time. To support its expansion in the United Arab Emirates, Tekmar has also appointed Emdad as its strategic, local partner.
