PRELIMINARY work has started on the £9 million expansion for GE Oil and Gas Centre of Excellence at Brent Avenue, which will see 40 new jobs created in Montrose over the next 12 months.
The positive impact on employment is expected to have a knock-on effect throughout Angus.
The firm currently employs 246 people in Montrose. The £9 million expansion project is set to double the size of the site to 4,200 square metres, and will improve the company’s service capabilities, product testing and assembly.
The expanded facility will be capable of creating subsea ‘trees’ which, according to the Rigzone website, monitor and control the production of a subsea well. Fixed to the wellhead of a completed well, subsea trees can also manage fluids or gas injected into the well.
Whilst in the USA, First Minister Alex Salmond held discussions with potential investors to Scotland’s ever-growing oil and gas sector, pledging the Scottish government’s commitment to this key industry.
Speaking of GE’s commitment to the Montrose site, Mr Salmond said: “When GE Oil and Gas centralised its operations at Montrose in 2009, it was with a view to having additional capacity to meet both customers expanding needs and GE’s anticipated services growth in the European region.”
“Now this ambitious £9 million expansion further demonstrates the company’s commitment to the Montrose area and Scotland’s important role in GE Oil and Gas’ future.”
Local councillor David May told the Review he is overjoyed by the news.
He said: “This is a big boost for Montrose and Angus at a time of economic downturn. It is very welcome.
“It will be very beneficial for other local businesses and shops, and reflects very well on the existing staff at Montrose. It shows how hard they work and how productive the site is.”
And MSP Nigel Don added his congratulations. He said: “It’s not just about the 40 new jobs which this will create. The need for subsea deepwater equipment is increasing as the oil industry develops.
“Doubling the size of the Montrose Centre of Excellence means it can make and test very large installations required for ultra deepwater applications. This is really good news for the town.”