PSN has taken on 700 staff since a buyout earlier this year

Production Services Network (PSN) has already taken on more than 700 staff since a management buyout earlier this year.

Management said the company was growing, and would create the 400 extra jobs within the next 100 days.

Aberdeen and Grampian Chamber of Commerce (AGCC) welcomed the jobs news for the area.

PSN is involved in oil industry related engineering, construction and maintenance.

I look forward to welcoming 400 new faces to our growing network Bob Keiller PSN

PSN chief executive Bob Keiller said: "PSN is a new Scottish company buzzing with fresh ideas.

"Since PSN's birth on 1 May we have won major contracts worth more than $400m.

"We will create 400 new jobs in the next 100 days, and 100 of these new jobs will be for oil and gas industry newcomers.

"We're confident PSN is where the best people want to work. I look forward to welcoming 400 new faces to our growing network."

Geoff Runcie, AGCC chief executive, said: "We are delighted that the management buy-out team, who clearly had a lot of confidence in the business, is seeing the rewards in significant increased business levels.

"We are pleased to hear of the new employment opportunities that PSN is planning to create. Yet, finding this large number of new staff will be a challenge in the current economic climate.

"However, the strength of the company's reputation and some innovative recruitment ideas will stand them in good stead."