Aberdeen-based Ecosse Subsea Systems has marked its 15th anniversary with news that it has seen an increase in turnover.
For the year to end of March 2011, the company saw revenues grow to £1.9million.
In the past year the Scottish business has seen the launch of its innovative SCAR specialist trenching plough.
Ecosse has turned in a modest profit but most of the revenue was reinvested in R&D of new technologies.
Two new student summer placements have been created for 2011 to cope with an increase in work.
While Maureen Petrie has been promoted to the role of Personnel Operations Director to cope with an upturn in demand for Ecosse Subsea Systems’ personnel division which specialises in sourcing experts for the subsea oil and
gas and offshore renewables industries.
Commenting on the success of the past year, Ecosse Subsea Systems’ founder and managing director Mike Wilson said: “Much of our focus during the past 12 months has been on getting SCAR to the marketplace and we are delighted at the global interest there has been in this technology.
“We are currently tendering for work in many locations across the world including South America, Asia, the United Arab Emirates and Saudi Arabia.
There is also considerable interest in SCAR’s ultra deep capability (2m-10m trench depths) in ice affected Arctic regions and the Caspian. Customers are also seeing unique project capabilities such as the trenching of ‘live’ pipelines.”
Mike added: “Alongside that, we have continued to work with Ellon-based Aubin on the DeepBuoy and GLS subsea lifting gels, and offshore trials of the latter have been completed in Orkney.
“We anticipate that these gels will revolutionise the subsea lifting market and they also have very strong possibilities for use in the renewables sector. Tendering activity for the gels is very active and diverse, with customers identifying applications from a few kilos to thousands of tonnes.”