NorSea Group (UK) Ltd has appointed Karen Russell as its first UK Finance Director. Karen becomes the third addition to the Group’s executive team as the company continues to grow its activity across Scotland in both the decommissioning and subsea support sectors.
She joins MD Walter Robertson and Operations Director Mike Munro in the new team leading the company’s expansion in the UK.
Karen has more than 13 years’ experience in the oil and gas industry. She began her accountancy training with Deloitte and Touche, then worked in financial roles with both Qserv and Weatherford before most recently spending almost eight years with Asco as Finance Manager.
In her new role with NorSea Group (UK) she will be responsible for overseeing all of the company’s financial functions as well as supporting the business as it increasingly grows its decommissioning capabilities as an integral part of its future growth strategy.
“This is a very exciting time to be joining NorSea Group,” said Karen. “It is a growing company in the UK with huge potential for future development as it diversifies from its traditional role as a logistics and base services company into the expanding decommissioning sector. I’m looking forward to taking on a hands-on role and getting very involved in the day to day running of the company in Aberdeen and at our bases at Peterhead, Montrose and Scrabster.”
NorSea Group (UK) is reaching the successful conclusion of the company’s first major small piece decommissioning contract, carried out at Smith Quay, Peterhead, on behalf of Endeavour Energy.
“We are delighted that Karen has joined us to strengthen our Executive management team,” said Walter. “She has a wealth of relevant experience and will use her expertise to move the company forward, grow its core business and develop new services.”
EnerMech has been awarded a 12 month extension of a five year cranes and lifting contract by BP Exploration (Caspian Sea) Ltd.
The contract, which includes a further two one-year options, will see mechanical engineering group EnerMech continue to provide cranes operation and maintenance personnel, materials, equipment, engineering and mechanical handling services for up to another three years.
The contract covers all seven BP-operated platforms in the Caspian Sea and 16 offshore pedestal cranes operating in the Chirag, West Chirag, Central Azeri, West Azeri, East Azeri and deepwater Gunashli platforms, as well as the Shah Deniz gas development project.
The original five year contract was valued at approximately $50 million (£33 million) and the extended agreement will generate a further $10 million (£6.5 million) per annum for Aberdeen-based EnerMech.
As part of its well-established nationalization policy, EnerMech has trained in excess of 40 Azerbaijani nationals in crane operations and employs more than 60 Azerbaijani personnel on the BP contract.
EnerMech Cranes & Lifting Director, John Morrison, said: “BP is a valued client and the award of this contract extension underlines our credentials in providing frontline cranes and lifting services on major international projects.
“Having a strong local infrastructure in place, allows us to provide a tailor-made integrated package of our seven business lines, which complement the core cranes and lifting services which BP require.”
For the ninth consecutive year, Eni confirms its presence in the FTSE4 Good Index , one of the world's most respected corporate social responsibility stock-market indexes.
Eni, a member of the index since 2007, has been recognized for its excellence in environmental sustainability, respect for human rights, corporate governance and transparency and its relationship with stakeholders and local communities. It is with the help of these parameters that an independent committee from the FTSE Group, founder of the FTSE4Good, selects which companies are to be included in the excellence index.
This achievement confirms Eni’s consistent commitment to sustainable development and ensuring the responsible management of its business, promoting social and environmental development of the communities in which Eni operates.
The FTSE Group, wholly owned by the London Stock Exchange Group, is one of the leading companies in index creation and management, widely acknowledge by the international financial community and present on the main stock exchanges around the world.
Bibby Offshore’s Asian division, Bibby Offshore Singapore (BOS), has expanded its foothold in the Southeast Asian oil and gas sector by securing multimillion dollars (US) worth of contracts in the first half of 2015.
Drawing on its international fleet of subsea support vessels and work class ROVs, the past six months have seen the division being appointed to perform ROV pipeline inspection, remedial and project management work for companies including Moattama Gas Transportation Company (MGTC) offshore Myanmar, and Singapore based Seascape, a Mermaid Subsea Services company.
Most recently, in April 2015 BOS completed work for Indian-based Larsen & Toubro, a major technology, engineering, construction, manufacturing and financial services company that appointed BOS to perform ROV inspection work on its Yetagun D Platform offshore Myanmar. The project involved a cathodic protection survey, anode survey and flooded member inspection in water depths of up to 110meters.
Peter Hughes, Managing Director at BOS, said: “We are committed to supporting the continued development of the region’s energy sector, and provide efficient and successful delivery of subsea projects to the Asia Pacific region and India. We strive to be seen as a leading supplier of specialist ROV equipment, and experienced personnel, and look to further position Bibby Offshore Singapore as the partner of choice.”
Bibby Offshore now employs more than 1,450 people onshore and offshore worldwide, with offices in Aberdeen, Newcastle, Singapore, Trinidad, Houston, and Norway.
MOL Group has successfully completed a deal to acquire Ithaca Petroleum NorgeMOL Group announced the successful completion of a deal to acquire 100% ownership of Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. The deal doubles the size of MOL Group’s exploration portfolio, adding 600 million barrels of net un-risked best estimate prospective reserves. Entry into the Norwegian market also takes the company a step closer towards becoming an offshore operator in the North Sea.
Entry into Norway is a measured step for MOL Group, reflecting the company’s active approach to portfolio development. The move balances and grows MOL Group’s global upstream portfolio and includes 14 licenses in the Norwegian Continental Shelf, three of which are currently operated by IPN.
The investor-friendly nature of Norway and its political and fiscal stability were key reasons MOL Group decided to acquire IPN. Closure of the deal now extends MOL Group’s presence in the North Sea and builds on last year’s entry into the UK.
Alexander Dodds, Group Executive Vice President for Upstream added: “Entering Norway as one of the most investor friendly countries is an important milestone in our E&P Strategy. Norway will become a key exploration hub for MOL Group in the future and will help us achieve our goal of becoming an offshore operator in the North Sea. We believe Norway has a best in class approach to exploration, and we know that the new MOL Norge has an excellent team in place.”
While MOL Group will provide additional operational resources and support where needed, MOL Norge continues as a Norwegian company, and all staff will become part of the new entity.
Oil and gas industry skills organization OPITO has reported a 250% rise during the first two quarters of 2015 in the number of North Sea energy firms investing in the systems which assess, develop and demonstrate workforce competence.
BP has become the latest major operator to achieve approval for its in-house competence management system (CMS) after a series of independent audits carried out by OPITO found the processes within BP met all 20 best practice points of the criteria necessary to help ensure competence.
The accreditation makes the operator one of only three organizations in the UK Continental Shelf to achieve an auditor’s recommendation of approval outright following a comprehensive audit of its CMS.
Gaining OPITO approval demonstrates BP’s commitment to mitigating risk through achieving and maintaining industry CMS criteria and ensuring the continual development of its workforce. BP will also use OPITO CMS criteria to benchmark their contractors, facilitating a consistent approach to measure how effectively competence is assessed and demonstrated internally, and across their supply chain.
OPITO managing director John McDonald said the increasing number of companies electing to have a more formal and independently audited CMS is directly related to the current industry climate.
“In the current climate, rising costs and tight budgets have made the retention of existing personnel imperative to business sustainability. Identifying gaps and cultivating skills enables managers to develop a safe and competent workforce and properly map out succession plans while employees develop attainable career paths,” he said.
“We have seen a tremendous rise in the number of companies in the UK seeking OPITO CMS approval over the past six to 12 months and BP is one of only a few to have completed the audit and gained approval without any recommendations for change to its internal competence structure.
“This is a very clear demonstration of the commitment and importance the operator places on setting and maintaining high standards in their working practices and to ensure all personnel employed are of the same high quality, across all operations.
“This assurance of a skilled and competent workforce is vital to the future of the UKCS. By working together with industry, we can continue to deliver robust systems for companies who in turn can support their staff which will ultimately benefit the industry as a whole.”
The scope of the OPITO approval applies to maintenance, production and control room technicians, working across BP’s onshore and offshore across the North Sea.
Oceaneering International, Inc. (NYSE: OII) has announced the appointment of Steve Barrett as Senior Vice President, Subsea Products, with worldwide responsibility for Oceaneering's Subsea Products segment.
Mr. Barrett started his career in the oil and gas industry in 1980. In 1982 he joined FMC Technologies, Inc., where he progressed from Design Engineer to his most recent role as Global Subsea Services Director. Steve holds a B.S. in Mechanical Engineering from Texas A&M University and an M.B.A., Finance and Entrepreneurship, from Rice University.
Rod Larson, President and Chief Operating Officer, stated, "Steve's leadership and successful track record in subsea products will add depth and capabilities to our management team. We expect to benefit from his exceptional experience, extensive industry knowledge and perspective as we develop plans to grow our subsea products business, including the expansion of our product line offerings. In his new role at Oceaneering, Steve will report to Senior Vice President Clyde Hewlett."
McDermott International, Inc. announced it has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia.
The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi Arabia, establishes the terms and conditions by which McDermott can bid on future engineering, procurement, construction and installation (EPCI) opportunities in various fields in offshore Saudi Arabia.
The signing is the second LTA between McDermott and Saudi Aramco. Currently, McDermott executes work under an existing LTA with Saudi Aramco, which has been in place since June 28, 2007.
“As a long-time partner and service provider, we understand Saudi Aramco’s offshore fields, standards and specifications – and the value that Saudi Aramco places in McDermott’s fully-integrated EPCI solutions,” said Tom Mackie, McDermott’s Vice President, Middle East. “Our close relationship with Saudi Aramco is important and reflects 45 years of operational and technical success, project delivery and execution, and experience in Saudi Aramco’s offshore fields.”
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces that it has signed an agreement establishing a worldwide non-incorporated alliance with Houston-based OneSubsea®, a Cameron and Schlumberger company, to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF) and life-of-field services.
The alliance will bring together Subsea 7's experience and technology in seabed to surface engineering, construction and life-of-field services with OneSubsea's unique reservoir expertise and state-of-the-art subsea production and processing systems technologies. The alliance will combine both companies' resources to collaborate on selected projects, engaging early to improve field development planning from the reservoir to the production facility. By combining the complementary capabilities and market-leading technologies of OneSubsea and Subsea 7, the alliance will work collaboratively with clients to design, develop and deliver integrated SPS and SURF solutions which will enhance project delivery, improve the recovery, and optimize the cost and efficiency of deepwater developments for the life of the field.
Jean Cahuzac, Subsea 7 Chief Executive Officer, said: "This combination of subsurface, SPS, SURF and life-of-field expertise is unique in its breadth of integrated service offering and provides clients with the opportunity to significantly improve subsea field economics over the lifetime of the development. I am looking forward to developing further our relationship with OneSubsea as we will be able to capitalize on the synergies between our strong technology portfolios and develop joint technologies to improve our offering for our clients.
Mike Garding, OneSubsea Chief Executive Officer, said: "The technology and expertise from Subsea 7 perfectly complements OneSubsea's 'Pore to Process' business strategy to offer a holistic approach to subsea development solutions. Our established competencies in subsurface modeling and production systems engineering will be further strengthened by integrating the SURF expertise provided by Subsea 7. By integrating these key areas of expertise, we can reduce further risk and uncertainty to deliver the optimal solution for our clients to produce cost-effectively from subsea reservoirs."
Wellsite Rental Services, LLC (“Wellsite”), a leading provider of drilling and completion rental equipment, and Viking Oil Tools (“Viking”), a specialty fishing, thru tubing and remedial services company, have agreed to merge to form Wellsite Fishing and Rental Services, LLC. Both companies are majority owned by NGP Energy Technology Partners (“NGP ETP”), an energy private equity firm.
“The Wellsite and Viking service offerings are very complementary in completion and remedial applications, so we see this combination as a great strategic opportunity for both companies. We are also very excited to have two proven management teams with deep industry experience partner together,” says Michael LeBourgeois, managing director of NGP ETP.
“Wellsite offers high quality tubulars and associated handling tools along with a variety of other rental items, so combining Viking’s first-class thru tubing, fishing and remedial service lines with our expansive rental portfolio is a strategic move for both companies,” says Kirby Arceneaux, chairman and CEO of the combined company. “This allows Wellsite to provide complete packages of equipment and field service after fracturing operations are completed and enables us to more broadly compete in the drilling, workover and completions markets.”
Following the completion of the merger, Wes Heiskell, former president and CEO of Viking will serve as Wellsite’s President. “The Viking team is excited to be merging with Kirby and his Wellsite team,” says Heiskell. “This strategic merger is a great opportunity for both companies to expand our product and service offerings and deepen our relationships with existing and potential customers across several markets, including the Permian, Marcellus, Utica, Eagle Ford, East Texas and the Gulf Coast.”
Mark Johnson, current president of Wellsite, will serve as the Chief Operating Officer of the combined company.
“We are looking forward to working with Wes and his team at Viking to bring together the best of both companies,” says Johnson. “Together, we will continue to provide quality products and services to our customers and will strengthen our value in an increasingly competitive market.”
AnTech Ltd, provider of specialist products and services for the upstream oil and gas industry, is pleased to announce the appointment of Jan Ward CBE, as new Chair of the company’s Board of Directors. The announcement comes as AnTech continues to strengthen its position on an international basis, with the recent announcement of record product sales.
Jan has taken up the post bringing over 30 years’ experience in the oil and gas, petrochemical and power industries to AnTech’s Board of Directors. With a mechanical engineering background, Jan is founder and CEO of Corrotherm International Ltd and has been an enthusiastic promoter of international trade and women in engineering since the outset of her career.
Photo Caption: Jan Ward, Chair of AnTech’s Board of Directors
Having held a number of influential positions within the UK Chamber of Commerce network, Jan currently acts as government advisor on the subject of international trade and SMEs, as well as having previously held the role of non-executive Director of the Board of UKTi. In the last 5 years, Jan has been closely involved with the Manufacturers’ Association and is a judge for a number of high profile awards, including the Manufacturer of the Year Award and the Queens Award for Enterprise. A previous winner, she is also a judge for the Nat West Everywoman award.
AnTech Managing Director, Toni Miszewski, is delighted to welcome Jan to the AnTech board: “It is a privilege to have Jan take up the position of Chair within our Board of Directors. She brings extensive experience in the oil and gas industry; experience she has used to successfully build overseas markets and develop long-term customer relationships, especially in the Middle East. Jan’s knowledge will be hugely valuable to our company as we continue to pursue our international growth strategy in our target markets.
“Jan replaces Tony Everett, who is standing down as Chair due to retirement and we thank him for his valuable service and commitment to the company over the years.”
Founded in 1992, AnTech operates globally across its Services and Product divisions. It provides cost-effective Directional Coiled Tubing Drilling services, utilising AnTech’s proprietary drilling tools, teams and equipment. AnTech’s Products division supplies permanent monitoring products that are heavily focused on meeting the highest industry standards in the completions market and are supported by specialist training.
Demand for AnTech’s range of services, patented products, wellhead equipment and state-of-the-art DCTD equipment (including its COLTTM Bottom Hole Assembly (BHA) for smaller diameter, thru-tubing drilling and its gyro-steered POLARIS™ BHA for larger side-tracks and grassroots wells) continues to rise. This expansion both in the UK and overseas is supported by a continued focus upon an increase in AnTech’s workforce across all divisions, including operations, sales, engineering and production.
Clariant, a world leader in Specialty Chemicals, signed a framework contract with Statoil, representing the Johan Sverdrup partnership, on June 3, 2015 to supply production chemicals and services for the Johan Sverdrup oil field. The contract has a length of eight years with a four-year option, totaling 12 years. The contract’s start-date is July 1, 2015 and has a significant value, including the option period.
“We are excited to expand on our close relationship with Statoil, which has been built over many years. This long-term contract, especially with the highly contested bid process, shows the confidence Statoil has in Clariant’s capabilities to provide supply of innovative chemicals and services to meet their needs,” says Frode Bekkestad, managing director of Clariant Oil Services Scandinavia AS. “We look forward to continuing our partnership with Statoil to provide high quality products, expertise and services for the Johan Sverdrup field.”
The largest offshore oil find in the Norwegian continental shelf in 30 years, the Johan Sverdrup field is estimated to hold between 1.7 billion and 3.0 billion barrels of oil equivalents. It’s expected to produce 550,000 to 650,000 barrels of oil per day when fully developed. Statoil – Stavanger, Norway – has been named the operator for all phases of field production by the Johan Sverdrup partnership, which consists of Statoil, Lundin Norway, Petoro, Det Norske Oljeselskap and Maersk Oil.
“This agreement provides the foundation for a long-term, successful relationship between our organizations, with the goal of delivering enhanced performance over the full term of the contract,” adds Bekkestad. “This will continue to strengthen Clariant Oil Services’ position as a major supplier in the oil production chemicals market in the North Sea.”
Schlumberger has achieved SEMS certification to Center for Offshore Safety Program expectations and 30 CFR 250 Subpart S requirements. Schlumberger is the first service/supply contractor to achieve this voluntarily, further demonstrating their commitment to SEMS, assurance of their safety management system, and to ensure they know where is best to focus their continuing work on safety management.
SEMS is intended as a continuous learning and improvement system for safety and environmental management. A key feature of SEMS is the focus on establishing, managing and measuring barriers that protect against escalation to a major incident. The voluntary COS certification program for contractors that is delivered via Audit Service Providers (ASP) requires participation in a COS program SEMS audit using independent verification by third-party auditors that have been assessed and accredited by COS. COS focuses on the importance of combining SEMS Leadership and effective SEMS to deliver a good safety culture.
DNV GL Business Assurance USA, a COS-accredited (ASP), has approved Schlumberger for COS SEMS Certification based on the outcome of the COS SEMS audit. The audit scope included Schlumberger's Head Office, onshore manufacturing/service facilities, and verification of SEMS implementation at an offshore location where Schlumberger was active. A total of 12 locations were visited during the SEMS audit.
"While Schlumberger has had a comprehensive management system in place since the late 1980's, the SEMS certification audit provided a great opportunity to verify that our system meets the regulatory requirements of the US outer continental shelf. The exercise not only highlighted the numerous strengths of our organization but also identified opportunities for improvement. This process of continuous assessment and progression ensures that our system is maintained to the highest standards in the industry," said Rob Cummings, Schlumberger HSE Manager – North America Offshore.
Tom Teipner, Schlumberger President – North America, added, "While the current regulations apply only to operators on the outer continental shelf, I believe that voluntary participation in the SEMS audit process demonstrates Schlumberger's unwavering commitment to the safety and integrity of our industry. Leadership is about transforming a vision into a reality. This audit was another step forward in that vision of transforming the outer continental shelf into an area in which the safety of our people and respect for the environment is critical in everything we do."
"We are proud to work with Schlumberger on SEMS compliance," says Faith Beaty, President of DNV GL Business Assurance USA, Inc. "They have shown tremendous leadership in pursuing SEMS certification which — though mandatory for offshore operators — is not yet required for service providers. Clearly, they are making a move toward the future, and a strong statement about their commitment to safety and supply chain integrity."
"By successfully completing its SEMS audit, Schlumberger is sending a message to its customers and to the rest of the supplier community," says Chandran Ilango, Lead Auditor /Integrated Systems Sector Manager for DNV GL - Business Assurance. "Interest in SEMS is growing rapidly as a way of harmonizing audits among operators and service providers, to bring the industry toward a more uniform safety and certification platform that can boost confidence and ultimately increase safety performance across the board."
Charlie Williams, Executive Director for COS, stated "Schlumberger's voluntary COS SEMS Certification is an important achievement that indicates their continuing commitment and dedication to SEMS. Voluntary participation and certification of SEMS by a contractor like Schlumberger is a clear display of the importance they place on safety and environmental management and the relationship between contractors and operators. Contractors play a critical role in the SEMS process; therefore contractors who certify their management system provide numerous benefits to all stakeholders including operators and regulators. The COS hopes this trend continues to ensure continuous improvement in safety and offshore operational integrity."
The Center for Offshore Safety is an industry group that promotes continuous safety improvement for offshore drilling, completions, and operations through effective leadership, communication, teamwork, disciplined management systems, and independent third-party auditing and certification. The Center draws on expertise and input from the U.S. oil and natural gas offshore industry and the regulatory community.
Hercules Offshore, Inc. (Nasdaq: HERO) (the "Company" or "Hercules"), announced on July 13, that it commenced a solicitation of votes for a prepackaged plan of reorganization from holders of its 10.25% senior notes due 2019, 8.75% senior notes due 2021, 7.5% senior notes due 2021, 6.75% senior notes due 2022, 7.375% senior notes due 2018 and 3.375% convertible senior notes due 2038 (the "Noteholders"). Votes on the prepackaged plan must be received by Prime Clerk, the Company's voting agent, by August 12, 2015, unless the deadline is extended. The record date for voting has been set for July 13, 2015. Solicitation materials will be mailed on or about July 13, 2015 to creditors of record that are entitled to vote.
The prepackaged plan of reorganization (the "Plan") provides that claims of trade creditors, suppliers and employees will be paid in full.
As previously disclosed, on June 17, 2015 the Company entered into a restructuring support agreement (the "Agreement") with Noteholders who held approximately 67% of the aggregate outstanding principal amount of the Company's notes. The terms of the consensual financial restructuring would support a substantial deleveraging transaction pursuant to which approximately $1.2 billion of the Company's outstanding notes would be converted to 96.9% of new common equity, and $450 million in new backstop debt financing would be provided, which would fully fund the remaining construction cost of the Hercules Highlander and provide additional liquidity to fund the Company's operations. The Company's current shareholders, despite being substantially "out of the money" as described in the Plan, would have the opportunity to receive their pro rata portion of the remaining 3.1% of the new common equity, as well as certain warrants described in Plan and the Agreement, subject to the requirements of the Plan. The Company and the consenting Noteholders agreed to complete the restructuring through a prepackaged plan of reorganization. Assuming the Company receives the required acceptances, the Company intends to commence a prepackaged Chapter 11 case shortly after the conclusion of the solicitation period.
The Company recommends that Noteholders refer to the information and the limitations and qualifications discussed in the Solicitation and Disclosure Statement, including the attached Plan. Information contained in the Solicitation and Disclosure Statement, including the attached Plan, is subject to change, whether as a result of amendments, actions of third parties or otherwise. There can be no assurances that the Plan will be approved or confirmed pursuant to the Bankruptcy Code.
Royal Dutch Shell plc (Shell) announces the final investment decision (FID) to advance the Appomattox deep-water development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico. The Appomattox development will initially produce from the Appomattox and Vicksburg fields, with average peak production estimated to reach approximately 175,000 barrels of oil equivalent (boe) per day. The platform and the Appomattox and Vicksburg fields will be owned by Shell (79%) and Nexen Petroleum Offshore U.S.A. Inc. (21%), a wholly-owned subsidiary of CNOOC Limited.
“We have again delivered a globally competitive investment scope for another significant deep-water project,” said Marvin Odum, Shell Upstream Americas Director. “Appomattox opens up more production growth for us in the Gulf of Mexico, where our production last year averaged about 225,000 boe per day, and this development will be profitable for decades to come. With its competitive cost and design, Appomattox is next in our series of deep-water successes.”
During design work for Appomattox, Shell reduced the total project cost by 20% through supply chain savings, design improvements, and by reducing the number of wells required for the development. This includes advancements from previous four-column hosts, such as the Olympus tension-leg platform (TLP), as well as ensuring a high degree of design maturity before construction. With these and other cost reductions, the go-forward project breakeven price is estimated to be around $55 per barrel Brent equivalent.
Shell is currently the only operator in the Gulf of Mexico with commercial deep-water discoveries in this formation (Norphlet), which dates back 150-200 million years ago to the Jurassic period. The company continues active exploration in the area.
The sanctioned project includes capital for the development of 650 million boe resources at Appomattox and Vicksburg, with start-up estimated around the end of this decade. The development of Shell’s recent, nearby discoveries at the Gettysburg and Rydberg prospects remains under review. These could become additional, high-value tiebacks to Appomattox, bringing the total estimated discovered resources in the area to more than 800 million boe. Shell Pipeline Company LP also made a final investment decision on the Mattox Pipeline, a 24-inch corridor pipeline that will transport crude oil from the Appomattox host to an existing offshore structure in the South Pass area and then connect onshore through an existing pipeline. Last year in the Gulf of Mexico, Shell started production from the Mars B development, through the new Olympus TLP, and from the Cardamom subsea tie-back to the Auger platform. Shell is also currently developing the Stones project, which is expected to produce approximately 50,000 boe per day.
Left to right – Michael Scott (Business Development Manager), Donna Stewart (Internal Sales Manager), Anand Puthran (Managing Director), Ian Allan (Global Product Manager)
EFC Group, a leading designer and manufacturer of instrumentation, monitoring, handling and control systems for the global oil and gas industry, is proud to announce that it has won the ‘Business Success Over Three Years’ category at the Elevator Awards 2015.
Previously entitled The Grampian Awards for Business Excellence, the Elevator Awards were relaunched this year. Winners were announced at a black tie ceremony at the Mercure Aberdeen Ardoe House Hotel and Spa on Thursday, 25 June 2015.
The award win comes in recognition of EFC Group’s strong growth and record sales figures over nearly three decades of business. In February, the Group announced that it was one year ahead of schedule for reaching its 2016 turnover target of £30million.
CEO of EFC Group, Bob Will, said: “I am delighted that the business achievements of EFC Group have been recognised by the local business community. Our success in this year’s Elevator Awards is directly attributable to the hard work and dedication of the whole EFC team.
“Since the inception of EFC Group, we have experienced significant growth and we have continued to build upon our strong reputation for delivering a high standard of service and product quality. We pride ourselves on offering innovative solutions to the global energy industry and having a personable approach with clients. I see this as the driving force behind our success. I look forward to building on these achievements in the future.”
The Elevator Awards celebrate outstanding achievements by businesses across the North East of Scotland, in categories which include Most Promising New Business, The Grampian Award for Innovation, Emerging Entrepreneur of the Year, and Employer of the Year.
Organiser of the awards, Elevator (previously known as Enterprise North East Trust), is a social enterprise dedicated to supporting the entrepreneurs, business leaders and employees of today and tomorrow by providing expert business advice and teaching entrepreneurship and enterprising behaviour. The Elevator Awards acknowledge entrepreneurial companies and individuals that are capable of leading the future prosperity of Grampian.
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