Thriving Despite the Oil and Gas Market Lows

April 24 / 2016

By utilising the company’s commitment to quality, Oxford Engineering continues to be awarded contracts, including 6 in the past year. These contracts showcase the company’s experience and versatility in manufacturing solutions across multiple industries and countries worldwide.

The depression within the oil and gas market is evident in recent years by the increasing competition. As more and more companies struggle to diversify their offerings due to lack of contracts, experts project that this is one of the most difficult times to run a business in this industry.

A recent report said that oil and gas companies endured a 50 percent drop in revenues in 2015. This sobering drop in revenue is leading to increased innovation in the production and refinement of oil. Businesses that are able to quickly adapt to the new global environment will be marked by technological breakthroughs, combined with closely monitored cost-efficiency.

This is great news for Oxford Engineering, as its new platform is credited with the company’s continued success. This platform has served diligently and efficiently in high-pressure applications such as deep water projects. The value of this contract is estimated to be over $2 million.

Offering new innovations and cutting-edge technology is nothing new for Oxford Engineering. The company’s state-of-the-art facilities house the latest in manufacturing machinery, including high-speed machining, CNC milling and turning, and the Mazak 1060, which has the capabilities to work with metal, non-metal and composite materials. Combined with our precision welding skills, our modern technology sets us at the forefront of our industry.

The company expects up to 5 additional contracts in the near future.

Visit Lean manufacturing for more information or call +44 (0) 1235 530 074 to learn how Oxford Engineering continues to innovate and thrive in the competitive oil and gas industry.