OIL and gas consultancy ABIS Projects has won a number of contracts which will be worth around £1 million over the next 15 months.
The Aberdeen firm said it is working with ADTI, Hunting, Talisman Sinopec and MOL in areas including risk assessment, supply chain management, strategy and acquisitions.
Francis Kiernan, who acquired an interest in ABIS Projects earlier this year, said: "With the considerable drop in oil price, the focus in the North Sea once again turns to innovative ways of working which will deliver cost-efficiencies and greater value.
"A one size fits all approach is no longer sustainable. The ability to take a commodity, whether it be intellectual property, material, goods or supply chain risk and turn it into a value proposition is now required."
Mr Kiernan has been involved in the oil and gas industry for more than 30 years with roles at Nexus, Aker Operations, Kvaerner and Dietsmann Morgan Moore.
He has seen downturns in the oil price before and said: "The cyclical economics of oil and gas are nothing new and we are already dipping into a downturn.
"I reckon we will have three years of challenging times before we get back to the highs of this summer.
"And these challenges are going to be similar to the ones we faced in the early nineties when the UKCS contracting model changed dramatically, when there was fundamentally a balance sheet transfer from the oil company to the supplier."
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