Viking Moorings Eyes GOM Market

Tuesday, December 20, 2011
Bill Bayliss, new Group Chief Executive at Viking Moorings.

 Viking Moorings CEO Discusses 2012 Strategy

Viking Moorings announced the appointment of Bill Bayliss as Group Chief Executive, heralding a significant restructuring of the company, which involved the co-existing shareholders. Bayliss, who is based at the company’s Aberdeen operations center, has been charged with implementing a series of management changes and growing the company through additional service provision and international expansion in 2012 and beyond. He has predicted more jobs will be created as Viking pursues its strategy of growth. As an international leader in the delivery of mooring and related services to the offshore oil and gas industry, Viking is focussed on strengthening its presence in markets in the UK, Norway, Singapore and Australasia. The company specializs in equipping operational assets in hostile environments throughout a project’s lifecycle. Company targets in 2012 include moving into the Gulf of Mexico market and setting up an operation in Indonesia. The company’s high value engineering services - including mooring analysis and modelling for rig locations and moves - will be augmented by a broader asset management provision to customers.
Viking Moorings also plans to open a new corporate headquarters in Aberdeen next year.
Bayliss said a recently completed financial restructuring had injected a significant amount of investment to enable and support its planned activities. This security was allied to a balance sheet that is robust and secure. He added: “One of my personal values that I feel passionate about is that we must be able to deliver a service to our customers without compromise to integrity, legal or HSE (health, safety and environment) aspects. Viking Moorings has developed a long-term trusted adviser role with many of the world’s leading drilling contractors and oil and gas companies and this will continue.” Mr Bayliss said flexibility and regional support are crucial for today’s service providers as rigs need to be moved more efficiently than ever before and, once on site, need to quickly become operational. The company has also introduced different methods for mooring semi-submersible rigs such as fibre ropes that are new in markets such as Australia. It has also moved its Australian team into a new office in Perth. The company helps clients and operators save time and money before drilling programmes start, maximising efficiency. According to Viking Moorings, one client estimated it saved multi millions on one project as a result of Viking’s pre-lay mooring strategy. 
Bayliss said: “We will build on a solid foundation of strong customer support. Having spent considerable time speaking to staff I have been left with a sense of great commitment and a team with a real desire to succeed. This spirit  provides a solid foundation on how we can safely grow the company in 2012 and beyond.” “I want to maximise opportunities created in a restructured business, to strengthen our global position and take advantage of the good oil and gas market.   “With the improvements being made in the quality of our processes, and increased transparency in the management of our assets, our people and our financial commitments, I am positive we can make a good return on the investment made by  our shareholders. “The market is certainly improving as the industry drives to deliver more oil and gas in the areas in which we operate. I am confident that the foundations we now have in place will allow us to build a much stronger business that will become a genuinely global market leader in 2012.” 

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption


Raytheon Anschütz Succeeds in SYNTACS SAT

Raytheon Anschütz, a leading integrator of naval integrated bridge systems, has successfully completed the Sea Acceptance Test (SAT) for the Synapsis Tactical Command

Wärtsilä's' Digital Services for Performance Enhancement

Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel


S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

Norwegian Escape with Biggest Scrubbers sets Sail

On a sunny October day in the German harbor-town of Hamburg, M/V Norwegian Escape, a brand new cruise ship, sets sail for the first time. On board are five Yara SOx scrubbers – one for each engine.

ZIM Integrated Shipping Remains Profitable

Despite challenging market environment with freight rates reaching historic lows in several key trades,  ZIM Integrated Shipping Services continues to outperform

Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
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: 0.1069 sec (9 req/sec)