TWMA picked up the Going Global award at this year's Northern Star Business Awards, and were presented the title by sponsors Aberdeen International Airport.
An improved drilling waste management system pioneered to meet the requirements of global clients is solidifying TWMA’s reputation as a global powerhouse.
In 2022, Aberdeen-based TWMA launched its RotoMill 2.0, the next phase of its oil field drill cuttings processing technology.
The system incorporates its new XLinkTM automation technology which can be operated remotely with real time monitoring capabilities. A new standardised design reduces maintenance requirements, installation times and footprint while increasing processing performance. The upgrade was designed to meet the needs of customers who were looking to achieve net zero targets.
Representing a £2million investment, the first unit mobilised to the UAE in 2023 as part of a $100million contract on a major sour gas development in Abu Dhabi. The deal will see it double its regional headcount to more than 400.
This contract and what it has described as “record high” remand for its offshore processing technology in the North Sea enabled the private-equity backed company to close a $62.5million sustainability-linked bond on the Nordic Alternative Bond Market in February.
Last year, it secured a 10-year contract with Equinor and a five-year, $15million contract with bp. Meanwhile in 2022, TWMA successfully deploying a RotoMill processing unit in West Texas in the biggest drilling market in the world.
From its beginnings on Shetland 20 years ago, the firm is the first company to bring drill cuttings processing to the wellsite, eliminating the requirement to transport drilling waste to shore for treatment. This has been proven to reduce carbon emissions by 50%, lower cost by 35% and improve safety performance by reducing lifting operations by 95%.
TWMA operates in the UK, Norway, UAE, North Africa and USA and employs more than 700 people worldwide.
The Finalists
- ASCO
- Fulkrum
- Moduspec
- Viper Innovations
Click here to view the finalists video.
About the sponsor
Aberdeen International Airport is owned by AGS Airports Limited. The airport is the north-east of Scotland’s major transport hub and is a vital economic driver for the region, contributing more than £110million a year to the local economy. It is the gateway to Europe’s energy capital and is Europe’s busiest commercial heliport. Aberdeen International Airport supports 3,400 jobs across the North-east of Scotland.