Oil service company looking for growth

OIL service company TESCO Corporation said yesterday it had appointed Doug Sedge as vice-president and general manager for Europe to help drive business growth.

The former chief executive of Aberdeen-based oil, gas and petrochemical service contractor RBG will be based at the firm’s European headquarters in the Granite City.

He will be responsible for driving the company’s growth in Europe, Russia and west Africa, with support from its bases in Aberdeen, Norway, Russia and Romania.

The company, which currently employs nearly 60 people in Aberdeen, is also embarking on an investment programme which could see the creation of more than 20 jobs onshore and offshore in the North Sea.

The Canadian company describes itself as a global leader in the design, manufacture and service of technology-based drilling solutions.

When it established a base in Aberdeen in 2006, it had only two employees in Tullos.

Mr Sedge said: “The company’s decision to invest further in its North Sea operations underlines its commitment to the region.

“Our technology and service capabilities are suited to the requirements of the North Sea and so, naturally, it is a key region for us.

“The investment in our workforce will allow us to capitalise on growth opportunities to deliver our cost-effective and innovative technology to companies operating in the North Sea.

“The company has spent the last two years quietly building the business in the North Sea. The next stage in our development will be to take advantage of the global demand for cost-effective drilling techniques. The shortage of people and equipment in our sector is worsening and investing in our technology and our people puts us in pole position to meet current demand.”