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Market volatility boosts NDT instrument rental fleet investments


Published Nov 18, 2015
TWI_Training Exam Services

Despite challenging times in the oil and gas sector, rental equipment specialist Ashtead Technology has continued to invest in its fleet of inspection instruments; adding over £150k worth of equipment.

“Energy is a major market for Ashtead Technology,” says NDT Market Manager Steve Drake. “Lower oil and gas prices have forced companies in this sector to reduce capital budgets, but a high volume of Non-Destructive Testing (NDT) and Remote Visual Inspection (RVI) work is necessary to maintain high value assets. A depressed energy market therefore creates an opportunity for instrument hire because renting helps to avoid capital costs whilst minimising operational costs.

“We have responded to this demand by ramping up the investments that we are making in test and inspection equipment, much of which has been purchased in response to specific requests from customers,” Steve adds.

Tags: Ashtead Technology Offshore




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