Intervention Rentals goes global in Ghana
Montrose-based oil and gas services company Intervention Rentals yesterday (22 November 2012) opened a new office in Takoradi, Ghana, following Scottish Enterprise and Scottish Development International support.
The new office will be opened by Lena Wilson, chief executive of Scottish Enterprise, who is leading a trade mission of nine Scottish companies to Ghana this week.
Formed in 2006 to support the local North Sea oil service sector, Intervention Rentals specialises in the rental and ongoing maintenance of Flowline and Flow measurement equipment. Already operating a base in Qatar, the company yesterday opened their second overseas office.
Intervention Rentals first recognised the potential market opportunities in Ghana after taking part in two Scottish Development International (SDI) trade missions. It subsequently set up a joint venture with Ghanaian company RDFC, before making the decision to set up the new office.
David Laing, managing director of Intervention Rentals, said: “We have been looking at the West African market for some time, and with SDI assistance we were able to recognise the huge opportunities the Ghanianan market has to offer our business. Following our second trade mission we returned with the attitude that we must be established there, and we are very happy to say that our goal has now been achieved.
“Thanks to the substantial support we’ve received from Scottish Enterprise and SDI, we are in a strong position to enter the Ghanaian market, maximising the opportunities open to us there.”
Scottish Enterprise has worked closely with the company through its account management process, where it works intensively with a company to support its business plan objectives. As well as the trade missions, other ongoing support has helped the company identify routes to market, develop its strategy and explore this new overseas territory.
Lena Wilson, chief executive of Scottish Enterprise said: “This is a great example of how our support can help Scottish businesses to realise their full potential and take advantage of international opportunities. This marks the opening of Intervention Rentals' second overseas office in under two years; an ambitious step for a small Scottish company.
“This forward-thinking company has looked beyond its typical horizons and recognised the synergies that exist between Scotland and Ghana in the oil and gas sector.
“Yet the prospects extend beyond oil and gas; Ghana has one of the fastest-growing economies in the world at the moment, so for Scottish companies in any sector looking to do business in West Africa, there is no time like the present.
“We will continue to support globally ambitious Scottish companies such as Intervention Rentals, to accelerate international trade and investment and create long-term sustainable growth for the Scottish economy.”
The latest oil & gas trade mission this year marks the third successive annual mission to Ghana, which as well as Intervention Rentals, has seen a total of 23 companies take part. Other Scottish companies already established in Ghana include Weir Minerals, MSIS, Dominion, Enermech and Global Energy.
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