Imrandd Wins Contracts Worth Over £1.5 Million as Demand for its Services Extend into New Industries
Imrandd has secured new business worth over £1.5 million since the beginning of the year, increasing its customer-base and winning work outwith traditional oil and gas markets. The Aberdeen-headquartered organisation has been awarded contracts by several global oil and gas upstream operators in the UK and internationally, as well as attaining work with new customers in downstream and utilities.
The contracts, which range from small scopes to fully competitive tenders, signal a renewed approach by traditional heavy industries to consider technology adoption, digitisation and improved use of data to assure the continued viability of ageing assets. Imrandd’s advanced analytics solutions provide faster, simpler and more cost-effective ways of deciphering difficult asset management problems that were previously too challenging to solve. Work includes integrity management build/reviews, fitness for service and life extension, to data extraction, machine learning and predictive modelling.
Revenue has increased by 12% in the past 12 months with 20% coming from new business. Imrandd has also increased its workforce by 25% and plans to add further headcount in 2021 as it ramps ups its internationalisation plans for its data analytics solutions.
Chris Blake, Head of New Business at Imrandd said:
“We’ve started 2021 with an increased headcount, additional customers and the development of new products and technology – which is something the whole team is exceptionally proud of. There’s been an uptake in the demand for our services in recent months as asset owners become more aware of our solutions and the significant efficiencies we can achieve. Whether it be legacy inspection or chemical, process and integrity data, we can sort, cleanse and analyse this readily available information to accurately prioritise budget and resource, predict future conditions and most importantly have a clearer awareness of the risks.
While traditionally our experience was gleaned in oil and gas, increasingly we are seeing demand for our services in other industries. As Imrandd continues to grow, we expect to further diversify our support and technology into clean energy, with the goal of helping our customers achieve net zero emissions.”