Minister for Energy, Enterprise and Tourism, Fergus Ewing MSP, visited the Aberdeen-based business Alba Power on last Monday (25th Feb 2013), to hear about the progress the business has made since winning the Small Company Performance Award at the Off-shore Achievement Awards last year. The visit also celebrated Alba Power’s completion of its 200th engine overhaul.
Energy Minister Fergus Ewing said: “I was delighted to be invited back to visit Alba Power to see how the changes in the company’s operations have progressed since my last visit. I am delighted that Alba Power has increased its revenue by 40% in the last year, is creating new jobs and is focusing on global markets. This is indeed a great news story and companies like Alba Power clearly demonstrate the drive and ambition that exists within the oil and gas industry.
“The oil and gas sector is vitally important to Scotland’s economy. With more than half of the value of the North Sea’s oil and gas reserves yet to be extracted, up to 24 billion recoverable barrels with a potential wholesale value of £1.5 trillion, oil and gas will remain an enormous economic resource for decades to come. Supply chain companies like Alba Power are of vital importance to the industry and will help to ensure its potential is maximised
“Scotland’s Oil and Gas Strategy, developed in conjunction with industry, lays out a plan to help the industry go from strength to strength, and rising capital investment – reaching £8.5bn in 2011 and expected to rise to £11.5bn in 2012 – demonstrates the confidence investors and the industry have in Scotland.”
Terry Alderton, Managing Director at Alba Power, said: “We were delighted to welcome Mr Ewing at our Aberdeen site, and discuss with him the progress we have made as a business over the past 12 months. Having introduced us to Scottish Enterprise last year, we have been working closely with our Account Manager on a number of initiatives that will continue to create a sustainable business plan that is focussed on customer need and growth across the globe. This latest visit is testament to the Government’s commitment to support SME’s in the Oil and Gas supply chain, and we are looking forward to an exciting future.”
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