TMS client Coil Services PNS has officially opened its new operations base in Great Yarmouth, part of a £15m investment targeted at an extended oil and gas life span in the North Sea.
Nearly half of the investment is in state-of-the-art nitrogen pumping units and coil tubing rigs which were on display for more than 100 guests at the opening.
Brandon Lewis, Great Yarmouth MP, unveiled a plaque to mark the opening of the new offices and workshops and said the Government recognised the potential of the energy industry in the East of England and what it could achieve.
Martin Dronfield, group chief executive for parent group Work Services, said the five-year-old business expected $65m revenue this year and in 2011 was planning new bases in West Australia, Dubai and Saudi Arabia.
But the East of England which still had a special place in his heart and there was much offshore oil and gas production work to be done over the next 15-20 years as well as more decommissioning opportunities.
Both men praised EEEGR (the East of England Energy Group) and its chief executive John Best for working with PNS for a year to bring the new base to Yarmouth and to support the launch.
Around 60 new jobs are planned for the new base by mid-2011.
Ian Sadler, Coil Services PNS UK managing director. is dedicated to making the new base part of the local scene, with plans for a quayside facility at Yarmouth through EastPort UK.
"We have also been extremely pleased with the interest and support from, for example, companies such as Perenco, CLS Offshore, Amec and the re-emerging SLP," he said.
In the power station field, it has an eye on the potential development of Sizewell C and is talking to major players like EDF and AMEC.
And in the offshore windfarm world, the company has expertise in bolt tensioning and grouting of turbine bases.