Contracts with Shell, CNR, ConocoPhillips, Perenco and Wood Group in the North Sea have been won, as well as the renewal of agreements to work with BP in Angola and CNR in Gabon and Ivory Coast. These deals account for £150m and will be managed by the Sparrows operating base in Aberdeen.
The company, which is headquartered in the northern Scottish city, also announced that it had won orders and contracts worth £40m in the USA, Middle East and Asia.
Sparrows said that the new contract wins for 2013 followed excellent provisional results for 2012. Like-for-like revenues were up 10% on 2011 and earnings on these continuing operations rose by 19% in the same period, with these increases coming from greater efficiency and growth in overseas activities.
Doug Sedge, Sparrows chief executive officer, said: "We will be reporting robust results for 2012 later this year and, with these latest contract wins, are well on course to deliver exceptional results for 2013. Our focus is firmly on excelling in delivery for our clients. We have a strong reputation for delivering on our promises and this is underlined by the amount of renewals we are securing.
The largest single win was the renewal of a contract to deliver crane and lifting services on all Shell installations in the UK and Dutch sectors of the North Sea.
