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Investment helps Precision Drilling win offshore contracts

By: Tom Russell 03/09/2015 Precison drilling

General Windfarms

Further investment by Precision Drilling has helped it win a raft of new construction and demolition jobs stemming from increased offshore wind contracts.

The Hull-based specialist contractor has recently invested £100,000 in new equipment, machinery, vehicles and business development.

Ian Wilkinson, managing director, said: “Since purchasing Precision Drilling in 2013, we have invested more than a £250,000 in totally overhauling our operations with the purchase of new capital equipment, employing and training additional staff and a host of other marketing and accreditation growth measures.

“In the last six months alone we have purchased new equipment, vehicles and facilities, including £82,000 for four new vehicles including Mercedes-Benz Sprinter and Ford Transit vans.”

Backed by the Hull-based renewables support organisation Green Port Growth, £25,000 has been injected in the form of new equipment including a new ring saw, pre-cut saw, power pack, wet vacs, generators and drill motors.

“This stage of our expansion and growth has been very successful in bringing in new contracts in the Humber and increasingly further afield,” added Mr Wilkinson.

Precision Drilling has completed dock and portside related work in Grimsby, at the Port of Grimsby East and Royal Dock, in Hull at Albert Dock, King George Dock, Queen Elizabeth Dock and the former Ruscadors dry dock.

“This has been a mixture of flood works, new build, demolition, lock gate repair and replacement, related to increased vessel size requirements for servicing offshore wind farms,“ said Mr Wilkinson.

On the Grimsby docks, Precision Drilling was sub-contracted to an international supply and installation contractor to provide concrete drilling, demolition, concreting and grouting work as part of an £11m investment by Associated British Ports.

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Investment helps Precision Drilling win offshore contracts

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