Deepwater Drilling Specialists, Exceed, Expand Globally

SeaDiscovery.com
Monday, September 02, 2013
Ian Mills: Photo credit Exceed

Deepwater drilling and performance improvement specialist Exceed, exhibiting at the Offshore Europe 2013 expo,  announce significant growth along with international expansion into new markets.

The Aberdeen-based company says it has established new companies in Canada and Ghana on the back of recent contract wins and is in the process of setting up entities in Angola and the Middle East. Exceed has also secured further performance improvement work with Talisman Sinopec locally in the North Sea following a successful earlier project.

Exceed established an impressive track record as a performance improvement specialist before diversifying to launch the industry’s first project management team to focus solely on drilling projects in deepwater. The last 12 months have involved growth and diversification of both the performance improvement and deepwater divisions of the company in response to international client demand.

The establishment of Exceed Canada followed an agreement with two Canadian operators to provide high-calibre wells teams to support their existing drilling programmes. Despite significant challenges, the Canadian entity was established within a two-month timeframe and Exceed now has a team of close to 20 supporting operations offshore East Coast Canada.

The investment in a new enterprise in Ghana is driven by a high degree of confidence in the growth of the region following the announcement of the TEN deepwater field development offshore Ghana and other emerging opportunities in the Gulf of Guinea. With an initial investment of circa USD $100,000, Ghana is a strategic decision for Exceed while offering a business-friendly operating environment.

Whilst establishing an international footprint, Exceed’s Performance Improvement division has also branched out into new arenas. Work secured recently by the division includes the Talisman Sinopec project on a North Sea platform and supporting a world first deepwater rigless well stimulation campaign for a Ghana-based client. The company has also been awarded land-based projects with a multi-rig contract win in the Middle East.

Company founder and director Ian Mills, who has 30 years’ experience in the oil & gas industry including senior drilling roles at Shell and BP, said: “We have experienced an increase in client-led enquiries across the business, particularly for performance improvement where we have a differentiated service with our iVISION offering, the quality of our coaches and our ability to provide rig performance measurement."

"As a result of the increased number of projects, we have invested heavily in our recruitment, training and selection and now run monthly in-house training programmes for new coaches. We expect our PI division will increase turnover from just over $2million to $8million, while overall turnover is expected to be around $20million."
 

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

People & Company News

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Offshore

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

People in the News

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Saudi Oil Pipeline Set Alight

A "limited fire" broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said.

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

Offshore Energy

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

Underwater Engineering

Boskalis Consortium Wins Suez Canal Expansion Contract

A consortium consisting of Royal Boskalis Westminster N.V. (Boskalis), Van Oord, NMDC (Abu Dhabi) and Jan de Nul (Belgium) has acquired a contract from the Suez

Hydroid Wins Gold at MassEcon Impact Awards

Hydroid, Inc., a subsidiary of Kongsberg Maritime and a leading manufacturer of autonomous underwater vehicles (AUVs), today announced that it has been named

Mærsk Deliverer's Contract extended

Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.3690 sec (3 req/sec)