NXG Drilling Services expands with move to Aberdeen

8/21/2017

ABERDEEN -- NXG Drilling Services has invested more than £2 million in two new northeast operations to cope with increased demand for its tools and equipment solutions.

The business, launched at the start of 2017, has moved from its city centre offices, to 30,000-sq-ft premises at Altens Industrial Estate in Aberdeen. This adds to the existing operations that the company has already set up in Holland and the Middle East. The drilling services company has also agreed a lease on a three-acre site for a welding, machine shop and ‘make-and-break’ facility within the IOS Longside Supply Base, near Peterhead, United Kingdom. The investment follows the acquisition of tools and equipment from Hunting Equipment Management Services (HEMS) Ltd earlier this year. NXG now has contracts in place with all the major service companies and, as a result, operates in more than 50 countries. The company is on track to record turnover of £4m by the end of the year.

The firm currently employs 15 people but is looking to add a further 18 before the end of the year, with most new recruits based at the Longside operation.

NXG supplies a range of bottom-hole assembly (BHA) equipment including stabilisers, subs, drill collars, hole openers and reamers. In addition, the business also has a large stock of non-magnetic tools.

The company has streamlined costs by partnering with in-country oil service firms, and introduced smarter logistics and innovative sales and rental models to respond to cost-conscious requirements in the drilling phase of exploration and production programs. Its clients also have the option of adding cost-effective products from its research and development arm, OILSCO Technologies, which can deliver a range of solutions for drilling operations.

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