Economic Report 2016 - Oil & Gas UK

The company Apollo is a technically-led provider of engineering services to the oil industry, including consultancy, repairs and modifications, marine and subsea, and software products. How has the company shown resilience in this difficult climate? As part of its product range, Apollo’s technical software team provides engineering data solutions to enable its clients to manage their engineering processes efficiently and effectively. The company sought to increase value for clients by expanding its product range in developing fit-for-purpose software solutions.

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Examples include a subsea integrity management solution for North Sea FPSO (floating, production, storage and offloading vessel) operators, as well as an offshore data harvesting tool for topsides inspection customers. To develop these solutions, the latest software techniques have been applied, improving the efficiency of operations compared with more conventional approaches. Apollo’s tools allow data to be harvested and uploaded instantly avoiding double entry and duplicate reporting. What are the results? Both products have saved over 20 per cent in operating costs for clients and associated end-users. This over-arching approach has been rewarded with a number of significant contract wins, including a multi-million pound contract to supply engineering support services to Repsol-Sinopec, which is allowing Apollo to recruit and expand its engineering base. Being a technically-led provider of engineering services, rather than project management led, has enabled Apollo to win significant contracts with clients such as NOV, Stena Drilling, EnQuest and ConocoPhillips, totalling more than £2 million. This has allowed sustainable growth of 20 per cent in 2016 to date with further growth planned in 2017.

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