Aberdeen, Scotland -- Balmoral Offshore Engineering (BOE), a supplier of polyurethane-based buoyancy and elastomeric products, recently received an award for outstanding international achievement in the oil and gas industry from the Scottish Council for Development and Industry.
Presented to Jim Milne, chairman and MD of the company, by former New York mayor, Rudy Giuliani, the award recognises Balmoral's export achievements during the 2009-10 period which saw 95 percent of the company's manufactured goods being shipped overseas, according to a 25 Nov press release from the Aberdeen-based firm.
Also attending the event was Scotland's First Minister, Alex Salmond, who said: "The Scottish Government wants more businesses to think, compete and trade globally. It's important that Scottish companies exploit the immense opportunities available in the global market … this award is about celebrating those firms that have already been successful in their international ambitions."
Balmoral Offshore Engineering's buoyancy and elastomer products are used in deepwater oil and gas provinces including the Gulf of Mexico, West Africa, India, SE Asia and South America; they are typically specified by companies based in Aberdeen, Houston, Paris, Oslo, Malaysia and Rio de Janeiro, the firm added.
During the period 2008-2010 BOE secured global contracts boosting exports by 166 percent and 244 percent year on year. This success in securing international projects can be credited to the "Combination of leading-edge product development, strategic marketing and customer focused project management and manufacturing teams" said Milne on receiving the award.
"We are thrilled to win one of Scotland's most prestigious business prizes. This was a real team effort and I am delighted for everyone at the company", he continued.
"This, however, is only the beginning of the Balmoral Offshore Engineering journey. We will continue with our efforts to ensure Scotland's export drive is a key factor in leading the UK out of recession.
"Further growth potential exists in deepwater regions such as Brazil and SE Asia and we are actively pursuing these opportunities," he concluded.
Earlier in the year BOE received the Queen's Award for Enterprise in the International Trade category.