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Overseas business push sees Nessco double turnover

25th April 2012

A push by the telecom systems company to explore business opportunities international regions has paid off with a significant rise in export contracts

Overseas investment driving up profits for UK firm

Turnover for oil and gas telecommunications specialist Nessco Group has almost doubled in the last year to over GBP 33 million following a drive to grow international business, including projects in Iraq.

The Aberdeen-based company on Wednesday reported an increase from GBP 16.8m to GBP 33.1m in its year end accounts for the period up to April 2012. Growth has been achieved in the UK Continental Shelf and much of the increase is down to a strong focus on developing business overseas, it said.

Two significant contracts worth GBP 7m have been secured recently with major oil and gas operators for projects in Iraq which will involve project management, engineering, procurement, build, training and testing of telecoms systems. A team of engineers within the company’s Westhill headquarters and workshop are currently designing and assembling the integrated systems.

Ian McPherson, managing director of Nessco Group said: “We have experienced tremendous growth this year and our strategy for developing the business in target international regions has paid off with a significant rise in export contracts…The latest project wins in Iraq confirm our capability for delivering integrated telecoms solutions anywhere in the world.”

The first project in Iraq will support a new offshore manifold and metering platform in Al-Basrah. Nessco is providing a full range of telecoms systems to keep the platform fully connected from satellite and meterological systems to CCTV, telephone and radio technology.
The second project is for a large development in the Majnoon field in southern Iraq with the first stage including voice and data systems, internet, security and meterological technology.

Nessco designs, engineers and deploys integrated telecommunications networks, providing total solutions for platforms, process plants and pipeline installations. The company has also invested in upgrading its VSAT services (very-small-aperture terminal) and specialist support for UK operations.

The company specialises in helping oil and gas companies keep their platforms fully connected by use of satellite, meterological systems and CCTV for example.

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