Energy technology company Fennex is continuing to grow with recent contracts worth more than £250,000 and entry into new markets.
The Aberdeen company designs, builds and implements technology to digitize, automate, and transform industry processes, and it has seen year-on-year growth since it was established in 2016.
New projects over the last six months include an integration effort to support rig start-up for a new project off the coast of Mexico, the first for Fennex in the region. The company also recently developed extreme-weather software for a drilling contractor in the Gulf of Mexico. The company now operates with 65 assets globally.
The company also was presented with the Digital Innovation award at the SPE Aberdeen Offshore Achievement Awards on 17 March for its work with Noble. The company delivered its Behavioural Based Safety Solution to combine safety observations from digital and physical entry points into an online environment. The software saved the client 15,000 man-hours by automating a traditional safety card system and increased reporting and workforce engagement by 30%.
“Winning the Digital Innovation award is a very proud moment for our team,” said Nassima Brown, the director of strategy at Fennex. “It brightens the future outlook not just for our business but for the tech companies that are working so hard to drive a digital shift in the energy sector. It recognizes the difference that can be made when a solution not only makes operations more efficient but also ultimately improves safety.”
Fennex said it has increased its specialist software team by 40% over the last two years. Recognizing the need to support the next generation of artificial intelligence and technology specialists, the company also has a graduate-placement program, with six students given the opportunity to gain sector experience.
“Having spent time leading global energy projects, I could see the value of developing digital solutions to directly address challenges the sector faces, automating often laborious processes to ultimately make projects run more smoothly and give far greater visibility,” said Adrian Brown, the founder and managing director of Fennex.
“We’re proud to have grown a loyal customer base that is seeing the benefit of tech adoption, which has been critical for their businesses during the challenges of the last 2 years,” he said. “Our approach to problem-solving allowed clients to engage their global workforces and have more visibility over their operations as the sector adapted to new ways of working.”