Well management and performance improvement specialist Exceed has been awarded four new North Sea contracts in the first quarter of this year with combined revenue of nearly £5.5m.

Work includes a new contract for Exceed’s Performance Improvement division, a well management project and two engineering studies.

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This will lead to a minimum of 14 people being hired across the four projects, including two re-hires and 12 new personnel.

Exceed founder and director Ian Mills said: “These contract wins mark an extremely strong start to 2017 for Exceed, and denote a clear indication of strong optimism and resilience in the North Sea.

“Our team is delighted to have secured these projects, which are testament to the expertise and capabilities of our people, and our highly regarded track record.

"We expect unprecedented growth for Exceed this year with anticipated turnover significantly higher than levels prior to 2015."

“Whilst we are a truly internationally operating business, we are deeply rooted within the North Sea and are pleased to see prospects in the region begin to improve.

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“Over the past two years, we have invested heavily in our management systems and strengthened our supply chain capability.

“Because of this, our global expansion efforts, and several strategic alliances formed during 2016, we expect unprecedented growth for Exceed this year with anticipated turnover significantly higher than levels prior to 2015.”

For the well management work, Exceed will assume the role of well operator, providing an integrated project management solution including full supply chain management.

The two engineering studies will be managed by in-house team of Exceed.