Investment of almost £1 million has been made at new premises in Forfar in response to customer demand.
Oilfield Machinery Ltd (OilMac), based at Inverurie in Aberdeenshire, occupies one part of a building at its Orchardbank site.
The firm is extending into 95,000ft2 of covered storage on the nine-acre site in a move supported with funding from Clydesdale Bank.
OilMac buys, sells and brokers redundant and surplus equipment to maximise value recovery and reuse.
The company, in its fifth year, has a number of storage facilities and key clients.
The Forfar expansion has created two posts.
Further logistics and asset-management jobs are expected as the business continues to grow.
OilMac managing director Alex Fyfe said: “Investing in expanding our site in Forfar allows us to offer additional serviced storage to our clients at highly competitive rates and, in turn, to address storage cost issues being encountered by many of our customers.”
Last month OilMac won a major exclusive stock reduction deal with a leading international drilling contractor to hold and supply predominantly unused equipment with a sales value in excess of £14m.
The win increased OilMac’s stock five-fold, enhancing its credentials in the market.
Mr Fyfe continued: “The increased storage space also provides us with the ability to source further surplus oil and gas equipment.
“By offering unused equipment, off the shelf, it ensures a quicker lead time for clients.
“As we increase our available stock, the likelihood increases that we will have the exact equipment our clients require, and this all leads to significant cost savings for the client.”
He said that the arrival of finance director David Walker would help as the company is developed in line with client demand.
Stephen Hepburn, of Clydesdale Bank, said: “The oil and gas industry has gone through some very tough times recently, and it’s encouraging to see businesses such as OilMac continuing to expand.”