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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Bouchard Orders Two Newbuild ATB Tugs

Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in Bouchard Transportation Co., Inc.’s ongoing fleet

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Offshore

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

ESS Lands Second Contract with Dolphin Drilling

ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd.

MNZ Opens New Office in Port Taranaki

Maritime New Zealand (MNZ) informs that for the first time in 5 years it has a permanent presence in New Plymouth on the opening of a new office at Port Taranaki

Energy

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly

 
 
Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1527 sec (7 req/sec)