Engineering, Procurement and Construction (EPC) provider Global E&C is embarking on a major facility move as it consolidates it businesses and looks to evolve and adapt to new ways of working.
Earlier this year the firm acquired Magma Products Ltd, a specialist Commissioning and Start-up company. Prior to that they were involved in the acquisition of Apollo Engineering to strengthen their capabilities in the brownfield modifications arena.
Global E&C’s parent company is Global Energy Group and last year they acquired Aiken Group who provide multi-disciplinary engineering and project management services, specialising in modules, accommodation and refrigeration.
Over recent months the Group has taken various steps to safeguard the business and ensure they positioned to come out of this crisis in the right shape.
As part of their efforts, the decision has been made to consolidate Global E&C, Magma and Aiken under a brownfield portfolio structure which will be headed up by Terry Allan in his new role as Executive Director.
Additionally, Global E&C has secured new office Headquarters in Aberdeen’s City Centre where it intends to co-locate its Projects and Engineering teams along with a dedicated Technology Hub.
The new facility forms part of broader restructuring plans to help stabilise the business as a result of the ongoing COVID-19 crisis and depressed commodity prices. The move also links to Global E&C’s growth aspirations and drive towards its digitally led EPC offering.
Along with the new HQ, Global E&C is undertaking a reshuffle of their existing sites. All of the company’s fabrication facilities have been consolidated to the Nord Centre, Aberdeen where the division will be collocated with the Aiken business.
This move significantly enhances the fabrication and modular build services and offers direct access to Aberdeen harbour for the loadout of larger scopes.
Commenting, Executive Director, Terry Allan said: ‘The context in which we operate is moving faster than any of us have ever experienced. As a business we need to adapt to market changes in order to remain relevant and maintain our progressive market position in the EPC space. There remains a lot of uncertainty in the Oil & Gas industry which now needs to reinvent itself in many respects in order to extend the life of fields in the UKCS.
Our roots are firmly in Scotland and as part of our commitment to the region we have invested in new city centre facilities and enabling technologies. The move allows us to be closer to many of our key customers and marks a key milestone in our digital objectives which will be driven from our flagship “Challenge Centre” - a space focussed on driving new digitally led ways of working.’
Our dynamic culture, which stems from our entrepreneurial heritage, means we can adapt quickly. Over the last 24 months, the business has undergone transformational change as a leading EPC contractor in the UK North Sea.
We feel that we are positioned very well to support the UK energy market as it transitions over the coming years where we must strike the balance between driving down cost for existing offshore assets, accelerating our energy transition objectives and utilising value added technologies across all areas.