STATS Group Appoints First Middle East Director

(Press Release)
Friday, July 13, 2012
Angus Bowie, Regional Director Middle East North Africa

Pipeline engineering company, STATS Group, has appointed Angus Bowie as Regional Director for the Middle East North Africa (MENA) in a move which heralds a major expansion in the region.

Mr Bowie was previously Technical Director and has relocated from Aberdeen to Abu Dhabi where he will oversee the opening of new workshop and warehousing facilities and recruiting staff.

STATS Group was recently awarded a 10 year multi-million pound contract by Qatargas and views the Middle East as a key territory for dramatically growing the business and rolling out its patented pipeline isolation tools and services.

The Aberdeen-based company expects to invest around $5 million (£3.2 million) over the next three years in facilities and engineering and support staff in Qatar, Abu Dhabi and Ras al Khaimah, with Saudi Arabia and Oman also in its sights.

STATS Group chief executive officer, Pete Duguid, said the MENA region will contribute 30% of the company’s forecast £20 million revenue in 2012, growing substantially in successive years.

Mr Duguid said: “The MENA region is strategically important to the overall growth and development plans for STATS Group and it’s the primary focus of the business through 2012 to ensure we build a robust structure and function in the region. We have aligned with very strong sponsors across the region and plan to develop a strong presence in Saudi Arabia and Oman in the coming year.

“The intent is to develop all business streams in region whereby we will have the capacity to provide isolation and intervention services and a dedicated process plant solutions division offering shutdown rental services and hydrostatic testing. Our focus will also involve developing our subsea services position.”

Mr Bowie said: “The award by Qatargas to provide isolation services for its Emergency Pipeline Repair System is a game changer for us in the Middle East and it puts us in an excellent position to take advantage of the emerging EPRS sector in the Middle East.”

 “Our objective is to elevate STATS from a regional company to a global operation. The Middle East offers huge opportunities to do that and being based in Abu Dhabi I can work closely with our major clients and demonstrate our commitment to them and to the wider market.”

The company is now engaged in a recruitment campaign for engineering, technical, logistic and financial/administration staff to support the growth plan.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PALFINGER Plans to Acquire Harding Group

The PALFINGER Group announced it intends to acquire 100 percent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group, suppliers

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

Offshore

Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2),

BW LPG Registers 10% Growth in VLGC Fleet

Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export.    However,

Subsea 7 Secures EPCI Contract

Subsea 7 S.A. announced it has been awarded an engineering, procurement, construction and installation (EPCI) contract for offshore execution in 2017 and 2018.   The

Energy

Wood Group Bags Statoil MSA

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore  and onshore facilities. Work and

ABB Saves 700,000 tons Fuel for Marine Vessels

ABB’s environmental friendly Azipod propulsion system brings greater fuel efficiency to diverse shipping segments ABB today announced the total fuel savings

Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2),

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1254 sec (8 req/sec)