Energy sector recruitment
specialist Orion Group has reported a significant rise in turnover and profits
for the 2011 year.The Inverness-based company said turnover rose by 25 per cent
to £308 million for the year to December31, 2011, and profits were up 62 per
cent to £9.14 million.
Obaidul Karim said that "Orion Group has benefited from
a rise in activity in the oil and gas sector globally, and its clients include
Shell Expro, Nexen, Technip, BP International, Talisman, Total, and Wood Group".
In January, Orion announced it had secured new contracts worth £100 million
over five years with Canadian energy giant Nexen Petroleum to provide manpower
services for its Golden Eagle project in the North Sea.
Orion also agreed a three-year
extension of an existing recruitment contract for Nexen Petroleum's Aberdeen,
London and offshore installations. Both
contracts were reported to be worth around £20 million a year for Orion until
2017.
Then in May, Orion announced a
four-year enterprise framework agreement with Shell to provide technical
manpower to Shell’s business units and projects globally.
The value of that deal is thought to be in the region of £75
million.Alan Savage, group chairman of Orion Group, said: “The group’s
performance for 2011 shows that the business has continued to go from strength
to strength.
“And we anticipate another
healthy financial year in 2012. “Already we have experienced steady growth
across all of our regions worldwide after securing a number of major contracts.
“New business wins have
included Nexen Petroleum UK Ltd and Shell, both of which will help us towards
achieving our turnover targets for next year of £360 million.”
Orion Group provides permanent and contract staff to
organisations across the world and has up to 3,500 personnel in the UK and 1500
worldwide on assignment at any one time. It employs more than 340 staff across
33 worldwide offices including Australia, Singapore, PNG, Canada and U.A.E.