Welcome to the qedi Group - Winner - Northern Star Business Award 2011
qedi Staff Group Photo at the 2011 Northern Star Business Ceremony
qedi’s global success honoured with prestigious industry award
Global-leading oil and gas commissioning and technology specialist qedi has been industry recognised with a prestigious award. The company - which is part of AMEC, the international engineering and project management company - won the Overall Global Business accolade at the 2011 Northern Star Business Awards last night (October 6).
The award recognises a company that demonstrates excellent practice by attaining a prominent share of its global marketplace. The judges singled out Aberdeen-headquartered qedi in recognition of its high value consultancy services and ground-breaking technology which have been crucial to the company’s outstanding global success story.
Within just five years and against a recession, qedi has surpassed expectations by bolstering turnover from around £10million to in excess of £60million. In the past year alone, it has created more than 200 new jobs and has a 2012 forecast to continue its strong growth driven by geographic expansion together with AMEC.
The company’s success is underpinned by its revolutionary GO Technology® which is not only fast becoming global industry standard for ensuring technical and asset integrity but integrates traditional oilfield skills with new computing technologies to help further internationalise Scotland’s world-class expertise and skills for the future.
Stuart McLeod, managing director of qedi, said: “This is a huge acknowledgement of qedi’s exceptional business growth and track record, and a really great tribute to the tremendous team at qedi who play a pivotal role in the company’s ongoing success.
“qedi recognised a niche market for its commissioning and technology services which provide world-beating solutions for what has become a heightened industry focus - technical and asset integrity. Through our ambitious vision for global growth, the company’s geographical footprint continues to spiral into new provinces and industry sectors. This has been underpinned by a robust business strategy which has seen qedi evolve its infrastructure to ensure it continues to deliver a global-leading standard of service and meet the huge market demand. As a result, qedi has enjoyed an annual rolling turnover of circa 35 per cent and increased profit margins by 100 per cent.”
He added: “I hope that the success of qedi and the other great achievements being made in oil and gas on a global platform will inspire the next generation into the energy industry by showing them that it continues to be a really exciting industry with a vibrant future ahead of it.”
qedi consolidated its position for future global growth when the company was acquired by AMEC earlier this year and is set to exceed annual targets with sales of its proprietary GO Technology® for 2011 having already topped the £60million mark. The company is working on more than 40 major capex and operational oil and gas projects in Australasia, the Caspian, the Gulf of Mexico, Alaska, West Africa, Europe and the North Sea.
qedi’s global portfolio of high-profile projects is underpinned by its integrated approach and GO Technology® hub of specialist completions and commissioning project management software applications. GO Technology® has being endorsed by a fast-growing number of industry operators and engineering and procurement companies as industry best practice for completions, commissioning and start-up with uptake of its license soaring by 150 per cent over the last three years.
GO Technology® has not only been instrumental in assisting companies in the application of completions management systems on major greenfield and brownfield projects but also in the operations phase and in the standardisation of their working practices, IT and data management.