Silver lining as STATS Group marks 25th anniversary with 20% revenue growth forecast.
STATS Group will celebrate 25 years in business with an expected 20% rise in revenue and an increase in its headcount to 400 staff.
Established in February 1998 close to Aberdeen Airport, STATS is now a global supplier of pipeline intervention solutions to the energy industry, with its headquarters near Aberdeen and operations in Canada, USA, Qatar, the UAE, Oman, Saudi Arabia, Malaysia, and Australia.
Its core business remains in the operational maintenance of oil and gas pipeline and piping infrastructure, but STATS is also attracting new clients engaged in energy transition because of its emission-reducing technologies and associated ESG benefits.
In 2021 STATS posted annual revenues of just under GBP 50M and expects to improve on that performance when reporting its 2022 figures, laying the foundation for further growth in its 25th anniversary year and beyond.
New markets will also play a role in future growth, with STATS increasingly being called upon to support major gas transmission networks in the UK, which echoes the success of its North American business in supporting land-based strategic gas infrastructure operators.
Buoyed by a strong pipeline of project work in the year ahead, STATS is expecting to hire an additional 60 staff of which around 20% will be graduate trainees, and steps are being taken to expand the company’s global footprint with the opening of another strategic base.
