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North East Firm Demonstrates Buoyancy During Energy Downturn

Andy Buchan MD Hiretech Limited 1024x683

Hiretech, a leading independent equipment rental, sales, service and maintenance company offering pumping spreads, powered umbilical reels, hydraulic power packs and supporting equipment, credits extensive past experience of its management team coupled with longstanding values for its ability to survive during testing times.

Andy Buchan, Managing Director of Hiretech, has over 30 years’ experience in the oil and gas industry and despite witnessing previous market downturns, admits none have been as prolonged or extreme as the present. He commented: “The current climate has presented both challenges and opportunities for Hiretech during a period which has seen dramatic changes to the supply chain, with many personnel removed from long standing roles and some companies disappearing in entirety. Such vast changes have forced us to reflect on our company values and ways of working to ensure our survival in a climate where others have not been so successful.”

“We have operated with an ethos of integrity from the outset, which has served us well to date, allowing us to establish relationships built on trust with our clients and resulting in repeat business. However, we recognise that as a result of a significantly reduced supply chain, coupled with increasingly changing work environments and skillsets, supply trends are changing with more pressure being applied to those companies who have to date been buoyant enough to survive. This has brought with it realisation that the time has come for enhanced collaborative working between operators, suppliers and clients alike, to ensure supply continues without compromise to quality or safety”.

In response to this, Hiretech is positioning itself as a solutions provider of choice by encouraging its clients to engage with the firm from the outset of their projects. This allows the Hiretech team to apply extensive expertise at an early stage through the provision of advice and guidance over and above the supply of equipment for a variety of project work scopes. The management team has also identified and implemented a range of additional service offerings to further assist their clients, including maintenance and testing of client equipment and enhanced personnel training. These efforts ensure the delivery of effective, efficient and reliable project solutions during a period when equipment dependency and cost savings are more prevalent than ever before.

With continued high levels of enquiries and a positive outlook, Hiretech credits these measures for its survival to date, providing hope of not only surviving the current plight, but allowing the company to remain as a strong contender in the marketplace for the future.

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