Member Article

px invests in more oil and gas expertise

Energy infrastructure solutions business px has acquired a majority stake – for an undisclosed sum - in Camm-Pro Limited, an Aberdeen based company which specialises in project management for the oil and gas sector.

Established in 2016, Camm-Pro excels in structuring and delivering development, engineering, construction management and assurance services to independent oil and gas exploration companies and mid-sized operators in the sector.

Drawing upon vast experience in field development, it has a sound track record of devising best value solutions and driving down overheads through rigorous change management, supporting clients such as Hess Denmark and Ancala Midstream Acquisitions Limited.

Currently px – which has its headquarters at Stockton, on Teesside - operates the St. Fergus Gas Terminal and associated subsea pipelines, near Aberdeen; the Ineos Breagh Alpha platform and associated pipelines in the North Sea; Teesside Gas Processing Plant and power stations on Teesside, in Cumbria, Lincolnshire and Wales.

It also owns and provides support services to partners at Saltend Chemical Park in Hull and – through an energy trading division known as E24 – manages energy buying and selling on behalf of clients, as well as services relating to industry ICT and administrative activities.

Geoff Holmes, CEO of px said, “We have achieved remarkable growth over the last few years across a number of industrial sectors. The investment in Camm-Pro is aligned to our strategy of strengthening our onshore and offshore capability and further demonstrates the business’ ambitious growth plans in this sector, through a lean and focused approach.”

Simon McBain, Director with Camm-Pro, added: “Experience has shown that even when well defined and detailed, implementation of a project framework can, in practice, create conflict and deflect from delivery. We provide experienced independent management teams that develop and drive an execution strategy to its proper conclusion.

“We look forward to providing this expertise for px as it expands its reach into the oil and gas sector.”

This was posted in Bdaily's Members' News section by Paul Dobbie .