Tekmar Energy, has announced ambitious plans to return to the oil and gas market, whilst maintaining its leading position in offshore renewables.

As part of the firm’s blueprint for growth it aims to generate £15million in turnover from its oil and gas operations by 2016 as part of a strategy to increase overall turnover from £22m to £50m and create between 30 and 50 new jobs.

The company, headquartered in Newton Aycliffe, County Durham. is also looking to open a base in Aberdeen whilst expanding its existing operations in the North-east of England.

Chief executive James Richie said: “Within the rapidly expanding subsea oil and gas sector, there is rising demand for high quality, reliable protection systems for subsea umbilicals, risers and flowlines. We are gearing up to respond to this need with a flexible, high quality service and reduced delivery times.

Tags: Tekmar Energy