Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

New owner of Bibby Offshore appoints chief executive

Bibby Sapphire, owned by Bibby Offshore
Bibby Sapphire, owned by Bibby Offshore

The new owner of north-east subsea firm Bibby Offshore has installed a seasoned oil industry professional to head up the group.

Fara Holdco has put Mark Bessell at the helm, overseeing businesses including Bibby Offshore, Cecon Contracting and Rever Offshore.

Mr Bessell joins Fara after four years as chief operating officer with Songa Offshore in Norway.

He previously held positions with Ocean Rig as senior vice-president and as managing director of Transocean’s Mediterranean division.

Having clocked up more than 30 years in the global oil and gas industry, he is also now chairman of Bibby Offshore and working alongside chief executive Howard Woodcock and the rest of the Westhill-based company’s top team.

Bibby Offshore, which has just wrapped up a two-year framework deal with Spirit Energy for inspection repair and maintenance, remotely operated vehicle (ROV) and subsea survey services involving its Bibby Sapphire ROV support vessel and a number of North Sea structures and pipelines, had to be rescued by its lenders earlier this year.

Led by York Capital Management, the lenders clubbed together to form Fara and approve a refinancing of Bibby Offshore in return for full ownership plus a £50million cash injection.

Jersey-registered Fara is also merging Bibby Offshore with Oslo-based Rever Offshore in order to create a “larger and more robust offshore installation delivery business, both in the North Sea and internationally”.

Announcing Mr Bessells’s appointment, Bibby Offshore said: “Fara Holdco’s objective is to position the company as a market leader in the areas that it operates, ensuring a continuation of high quality service to our customers and creating new opportunities in the market.

“Mark’s role, along with the rest of the organisation, is to support this objective.”

Part of the refinancing deal struck with former owner Bibby Line Group included a commitment by Fara to change the name of the subsea firm before January 2019.

More from Energy Voice

Latest Posts