Fledgling North Sea decommissioning firm Well-Safe Solutions has continued its early momentum with the appointment of two new directors.
Well-Safe was launched earlier this month and within a week had announced its first acquisition and the appointment of a chief executive.
The company said today that it had hired Graeme Murray as legal and commercial director and Glenn Wilson as chief technical officer.
Mr Murray, who has more than 27 years’ legal and commercial experience in oil and gas, joins from Dolphin Drilling, where he was managing director.
He previously held the roles of general counsel, company secretary and vice-president for commercial and procurement with Subsea 7.
Mr Wilson most recently held the decommissioning programme manager post at Repsol-Sinopec.
Prior to that he was decommissioning and UK operations manager for Hess in Aberdeen where he was involved in large scale plugging and abandonment (P&A) campaigns.
Well-Safe chief executive Phil Milton said: “We’ve already assembled some of the most experienced people in the industry with the relevant knowledge of subsea wells to create a centre of excellence in P&A.
“With these new appointments and the strength of our executive, we now have what I believe is one of the strongest, most technically competent and well-connected management teams in the business.
“… We will continue to invest in people and look to acquire assets to build a market-leading decommissioning company for the future, capable of taking on any P&A operation.”
Well-Safe was set up by North Sea stalwarts Mark Patterson, Alasdair Locke and Paul Warwick and is being billed as a one-stop-shop for oil companies’ well P&A needs.
The start-up is confident its approach can lower well P&A costs by about a third.
Its bosses hope to attract £200million of investment, create 400 jobs and turn the company into a centre of excellence for well P&A.
Well-Safe’s management team intends to have bought a rig and agreed a first contract within two years.