By DARA BUTTERFIELD
Well management and performance improvement specialist, Exceed, has announced that it has joined forces with eight former members of senior staff from Aberdeen-based Applied Drilling Technology International (ADTI) to set up a new subsidiary.
ADTI ceased trading in May 2015 with the loss of 90 jobs following a decision to close the business made by the company’s private equity owner, Sun European Partners.
This led to the decision by eight senior members from across the ADTI business to actively look at ways to continue to operate. Following discussions with Exceed, a new venture has been formed with the intention of continuing to serve former ADTI clients and the wider North Sea market.
The move brings Exceed’s total number of staff to 30 people, with a further 20 contractors working on projects both locally in the North Sea, as well as internationally on projects in Canada, West Africa and South East Asia. All of the new positions are to be based at Exceed’s existing headquarters in Aberdeen.
The former ADTI staff bring a broad range of capabilities and have joined Exceed as stakeholders through a newly-formed subsidiary. They have taken on the following roles within Exceed:
- John Anderson, commercial director wells
- Calum MacDonald, well engineering and operations director
- Steve Hayhurst, production technology and petroleum engineering manager
- Bart van de Laar, wells project manager
- Dave Craig, engineering team lead
- John McNab, completions and workover manager
- John Simpson, well test and decommissioning manager
- Ross Mack, subsea manager
Al Brockie, Head of Wells Management, Exceed, said: “There is a strong strategic fit between ADTI and Exceed, with both companies offering a range of wells management services in different markets.
“Traditionally, ADTI has had a strong presence in the North Sea whereas the majority of Exceed’s projects have been delivered internationally. This partnership not only bolsters our global credentials and renews our focus on the North Sea, but also allows Exceed to evolve internal systems and processes which will result in significant benefits for clients.
“The move also sends an important message to the industry in a time when thousands of jobs are at risk across all sectors and many talented professionals are being made redundant purely as a result of cost saving measures. Companies which are still in a position to continue expansion plans should be making the most of this opportunity. The events following the closure of ADTI have been a prime example of how collaboration within the industry can secure jobs and livelihoods.”
The new venture significantly expands Exceed’s service offering to include well abandonment, production technology and petroleum engineering, and will allow the company to drive operations into several new markets. Depending on future contracts, there may also be the potential to take on further ex-members of ADTI staff.
John Anderson, newly appointed commercial director, Exceed well division, said: “This is an opportunity for us to continue servicing existing customers and preserve the ADTI bloodline, quality and levels of service. Our team brings strong historic client relationships with a number of North Sea based operators and we are very optimistic that this newly combined service offering and track record will re-open doors both locally and nationally.
“Feedback from clients has suggested that the loss of ADTI is a loss to the industry, and so we are extremely pleased that this merger has happened. Our combined strengths have set us up with a powerful platform for growth.”