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Former PSL boss buying into Caltec success story

Former PSL boss buying into Caltec success story
A FORMER boss of PSL Energy Services at Portlethen has taken up a senior role with Caltec.

A FORMER boss of PSL Energy Services at Portlethen has taken up a senior role with Caltec.

John Wingfield, one of the directors who guided PSL from receivership in 2003 through to its £128million sale to US energy service giant Halliburton last year, has joined as business-development director. Based in Aberdeen, his focus will be to roll out Caltec’s production-enhancement and compact-separation technology to major operators and contractors in the UK and Norwegian North Sea and internationally.

The Cranfield-based company is backed by Norwegian investor Energy Ventures.

Caltec already has collaboration agreements with Statoil and Petrofac and Mr Wingfield plans to use his extensive international business-development expertise to build new relationships in the oil and gas sector.

Mr Wingfield, who has taken a stake in Caltec, said: “The quality and innovativeness of Caltec’s solutions was the major factor in deciding to join the company.

“Many major producers have benefited from Caltec technologies both in the UK and overseas and it is now time to increase our international presence. I firmly believe the company’s technology has major competitive advantages to anything else in the market and this will play an increasingly important role in maximising production on assets in diverse and challenging environments across the globe.”

Chief executive Dave Turley said Mr Wingfield’s appointment marked the start of a managed expansion programme.

Caltec – formed in a management buyout in 2003 – recently opened an office in Aberdeen. It has 13 staff in the UK and aims to grow this to 20 in the next year.

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