Hamworthy (LON:HMY) said investment in the oil exploration and production market remained robust, adding that it was confident about meeting its expectations for the year to the end of March 2012.
In a trading update, the engineering firm said it had been successful in winning two contracts in this area - notably two deals worth a total of £11 million for flare gas recovery systems in Brazil.
This month, the company also revealed the £24 million acquisition of AW Flow Holdings - a leading specialist valve manufacturer for the oil and gas sector, which had pre-tax profit of £4.6 million in respect of its continuing businesses for the year to October 31 last year.
Hamworthy, which is focused on the marine, oil and gas sectors, said the acquisition further expanded the firm's position and scope in the oil and gas market.
As at September 30 this year, it said its order book looked healthy at £256 million as at 30 September 2011 (2010: £187 million).
The firm added that the improvement in the inert gas and oil & gas systems business seen in last year's second half had continued.
It will be announcing its interim results on November 22 this year.