Buoyancy systems, laser cutting tools and thermite plugs all feature in a combined effort by industry and academia to turn the north-east into the world’s leading provider of decommissioning technology.
The new chief executive of energy services firm Proserv believes the company has “turned a corner” since it underwent a debt restructuring deal earlier this year.
Energy service and asset integrity firm Proserv has today announced the appointment of a former Calash director as vice president of strategic planning and marketing.
The chief executive of energy services company Proserv, David Lamont, is stepping down following the completion of a restructuring deal which will see the firm taken over by its two largest lenders.
North-east energy service Proserv has highlighted “proactive measures” to protect the business amid challenging trading conditions after a leading credit ratings agency delivered a grave assessment of its future prospects.
Aberdeenshire company Proserv said yesterday it had bagged three new contracts worth a total of nearly £2million for decommissioning work in the Norwegian North Sea.
North-east energy service firm Proserv said yesterday it was setting up new bases in India and Saudi Arabia on the back of new contracts worth about £10million.
Oilfield services group Proserv measured the effects of the oil price downturn as it revealed a slump in revenues and profits in its most recent financial accounts.
Energy service firm Proserv has teamed up with a UK-based equipment company to offer a souped-up oil-spill prevention package in the Middle East.
Proserv, whose corporate headquarters are in Westhill, Aberdeenshire, will offer goods made by Klaw Products across the region while also delivering in-country technical support.
Klaw, based in Wiltshire, supplies breakaway couplings and emergency release systems for the safe transfer of hazardous and non-hazardous materials.
With more than 250 subsea wells and over 500 platform wells to be decommissioned in the UKCS by 2022, all must be permanently abandoned by setting the required barriers (plugs), severing all casings and conductor 10ft below mudline.