Vysus Group has got 2023 off to a flying start by winning new business worth £6 million in the first three months of the year.
The new work is in addition to ongoing, pre-existing contracts and takes the company ahead of expectations for the first portion of the year.
The news follows last year’s trio of strategic divestments to enhance focus on high-end engineering technical advisory and consultancy services coupled with planned investment in digital tools and partner developed solutions. Now, the Group comprises ModuSpec and Vysus Consulting which employs 400 people across 22 offices worldwide with hubs in Houston, Kuala Lumpur, Oslo and Melbourne, as well as the Aberdeen HQ.
With technical consulting projects awarded in numerous locations including the UK, Scandinavia, Malaysia, the USA, Australia and Japan for energy, chemical and infrastructure clients, more than half are from the renewables sector. They include geophysical survey consultancy for planned offshore wind developments in the North Sea, US and Asia, as well as grid connection scopes in Australia and Asia. Key to the company’s increasing foothold in the emerging offshore wind market was the 2022 opening of a renewables-focused hub, employing eleven people in Bristol.
Hydrogen safety studies in Scandinavia and elsewhere also make up a growing portion of Vysus Group’s work, with Oslo-based VP Industrial Risk Dr Kees van Wingerden leading the charge in this area. A renowned and well-respected technical leader across Europe, Kees has brought more than 45 years of experience to help grow the company’s risk management and safety consulting business in the hydrogen and ammonia sectors.
In addition, the company’s ModuSpec business unit has completed a strong Q1, delivering integrated rig intake and inspection projects globally, securing more than £3 million in new business and looking to reintroduce its renowned rig inspection workshop.
Commenting on the positive start to 2023, Vysus Group CEO David Clark said: “While an increasing proportion of our business is coming from new energies, the importance of the oil and gas industry in meeting the world’s energy needs and successfully achieving energy transition cannot be ignored. We continue to secure new contracts which require a broad range of our capabilities across energy, renewables, transition and industrial sectors and this latest tranche of new work significantly bolsters our 2023 efforts thus far.
“The unique breadth of our capabilities and the diverse sector mix of our customers, along with our ability to share knowledge across our global footprint, positions us well for continued success and by expanding our innovative support to our customers, we are enabling the successful development and deployment of new technology and solutions which will lead the way to future sustainability and growth.”
While an increasing proportion of our business is coming from new energies, the importance of the oil and gas industry in meeting the world’s energy needs and successfully achieving energy transition cannot be ignored.