________________________________________________________________________________________________________________________
With bases in the UAE and in Taiwan , time zone complications are reduced , making life a lot easier to work there . To work with oil companies in locations such as Abu Dhabi , there is a stipulation to employ a certain percentage of nationals . This involves either having a local operation , which demands a considerable level of overhead and risk , or working through an agency . We currently work for the Abu Dhabi national oil companies by means of an agency , which is promising considerable potential for us .”
Expansion and growth
With its strategic growth plan well under way , Motive ’ s entity in Brazil will predominantly focus on certification inspection work . Much of the work in Abu Dhabi will also incorporate inspection work and as the business becomes more heavily involved in North America , it aims to offer inspection work on the offshore wind farms too .
“ I ’ ve learned from my mistakes over the years ,” Dave shares , “ and that reinforces the importance of creating a diverse , resilient business that can transition . That ’ s why we ’ re working in multiple countries and sectors . The energy industry works in cycles , so , the hope is that if one bit of the business drops off then another is flourishing and propping it up .
“ We hope to continue our geographic expansion , and growth , both in terms of acquisition and organic strategy ,” he concludes . “ Whether we look to further private equity investment , trade sale or becoming listed , the plan is just to continue growing the business as aggressively as we can without taking on too many risks . If we get to 100 million in the next five years that would be a good result .” ■
www . motive-offshore . com
54