Northumberland firm Osbit’s turnover soars 55% after engineering company boosts exports – ChronicleLive

Over the last year Osbit delivered a wide range of contracts to 18 customers. The firm’s biggest project saw it design and build a complex offshore system for Helix Energy Solutions’ well intervention vessels.

The company, which builds systems for subsea oil and gas companies, saw its international sales grow by 65% during the year ending September 2017. International sales accounted for 66% of the company’s total turnover.

Dr Trapp added: “We are cautiously optimistic about the future and look to build on the success of the past year. We have a strong pipeline and have secured a significant new contract after the year end.

“As the energy sector environment remains challenging in areas, we have strived to adapt and remain agile to serve an evolving industry. This has been achieved through the creation of effective technology that is delivered, on each occasion, on spec, budget and in time.

Tony Trapp, executive chairman of Osbit, said: “We are proud of our achievements of the past year, which is testament to the talented people at Osbit who continually devise and deliver complex engineering solutions to meet the requirements of our customers.

Osbit also grew its presence in the offshore wind industry through the use of its ‘walk-to-work’ crew transfer access system. The machinery is designed to support the installation of offshore wind turbine foundations, and was deployed to the Walney 3 amp;amp; 4 offshore wind farm in the Irish Sea for Van Oord.

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