Contracts worth £190 million for Sparrows

Offshore lifting and mechanical handling company Sparrows in the UK has secured new business deals worth £190 million (US$285 million).

The contracts will secure 134 existing jobs on and offshore while 54 new positions have already been created with more expected to follow, the company said.

Sparrows is headquartered in Aberdeen, Scotland, and provides offshore lifting and mechanical handling services to the oil and gas industry. The new contracts are with Shell, CNR, ConocoPhillips, Perenco and Wood Group in the North Sea.

Renewed contracts include work with BP in Angola and CNR in Gabon and Cote d’Ivoire. The European and African contracts, worth a combined £150million ($225 million), will be managed from the Sparrows operating base in Aberdeen, the company said.

In addition to these deals, the company has also won orders and contracts worth an additional £40 million ($60 million) in the USA, Middle East and Asia.

Sparrows chief executive officer, Doug Sedge, said, “We will be reporting robust results for 2012 later this year and, with these latest contract wins, are well on course to deliver exceptional results for 2013. Our focus is firmly on excelling in delivery for our clients. We have a strong reputation for delivering on our promises and this is underlined by the amount of renewals we are securing.”