Strong start for new business
New oil and gas service company Wellbore Intervention said yesterday it was on track to reach a turnover of £350,000-£400,000 in its first year.
The north-east company was formed in November but only began trading in January, and sales and marketing director Barry Webster said the first quarter had gone better than expected both for revenue and enquiries.
WBI was founded by managing director Jim Thomson, operations director Scott Fraser and Mr Webster to specialise in coiled-tubing, thru-tubing fishing and well-intervention services.
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