Aberdeen offshore rental firm Hiretech has announced it has acquired new equipment as part of a recent six figure investment in decommissioning equipment.

The 600,000 investment was encouraged following client feedback received by Hiretech.

It has resulted in the firm taking receipt of newly built subsea shears and hydraulic grabs.

Duncan Duthie, decommissioning and subsea business development manager, said: We were keen to pinpoint the correct target for our investment, and collaborated with our clients and the manufacturer to go back to first principles for the subsea shears.

We now have shears specifically designed for water depths of up to 10,000 feet with performance, ease of operation and maintenance a priority.

Hiretech, which offers equipment rental and personnel supply to the energy and marine industries, has not been unaffected by the effects of Covid-19 and the recent oil price volatility, its bosses said.

But the firm added that it believes the business environment has now stabilised.

Andy Buchan, Hiretech chief executive, said: Talking to our peers and clients, it is apparent that activity drops through the worst months of the pandemic of up to 70% from last year were not uncommon, although there are definitely encouraging signs of a bump off the bottom at the moment.

Like other businesses, we have had to resize, refocus and reinvigorate our team to meet the new challenges we face.

We see tremendous opportunities for SMEs in the new world.

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Hiretech snaps up new offshore equipment as part of recent 600k investment - News for the Oil and Gas Sector - Energy Voice