£5 million oil and gas investment

Posted on 19 Sep 2017 and read 287 times
£5 million oil and gas investmentScotland’s reputation for providing world-class services to the oil and gas industry has been bolstered by a £5.1 million R&D investment.

Scaled Solutions in Livingston is receiving £2.2 million from Scottish Enterprise — and investing the remaining £2.9 million itself — to develop new testing services that will address knowledge and technology gaps in corrosion and scaling mechanisms.

The company will ‘grow’ the staff at its Scottish base over the next three years by a third, with 17 of the 19 newly created jobs in R&D.

Economy Secretary Keith Brown said: “Scotland’s oil and gas supply chain is internationally acclaimed, and this investment will further enhance its reputation.

It will enable Scaled Solutions to develop an exciting range of services targeted at clients in the North Sea and across the world.

“The company is already providing testing facilities to some of the biggest names in the industry. Having recently visited Abu Dhabi and Kazakhstan to promote oil and gas exports and companies, it’s particularly encouraging to see the firm identify international opportunities and drive forward the kind of change that will allow it to take full advantage of them.

“The investment will also create high-value and highly skilled positions working directly in R&D.

This will not only be welcome news for the local economy in and around Livingston but also helps to strengthen Scotland’s position as a champion of new ideas and innovative approaches.”

Gordon Graham, managing director of Scaled Solutions Ltd, said: “This is the largest R&D project we’ve undertaken to date, and we believe it will transform our current capabilities and services, creating solutions that are not available anywhere else in the world.

“We’ve decided to significantly increase our innovation investment, as it will put us at the forefront of production chemistry and corrosion testing, giving us an excellent competitive advantage and an opportunity to capture a stronger share of the global market.”

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