February 2012 - Axis expands into Subsurface Consultancy

09/02/12

Axis Well Technology has now added subsurface reservoir development expertise to its highly regarded operations, production and well technology consultancy services.

This move signals an exciting step change in Axis’s history resulting in the recent opening of a second Aberdeen site at the Arnhall Business Park, Westhill. A new team of skilled professionals operate from this base bringing the Axis headcount to over 125 people, an increase of 25 over the past 12 months.

Mr. Jim Anderson, Axis Managing Director, said “This is a game changing time for the company and will enable Axis to provide fully integrated solutions across operating companies’ asset lifecycle including geoscience, engineering and operational support. We are delighted to be providing this essential service to our current and future clients”.

Axis has enjoyed significant growth with revenues up from £14 million in 2010 to in excess of £17 million in 2011. The demand for independent consultancy services remains high and 2012 is expected to see a significant recruitment intake as the company continues to grow. Axis plans to open further office sites in the UK and overseas this year as part of its growth strategy.

Mr Anderson also added "We are always looking to add services that compliment our core business whilst underpinning this with a quality-focused business. This has stood us in good stead over the years to the benefit of our people and customers".