Industry stalwart Sir Bob Reid has taken up a new role as non-executive director of a specialist oil and gas consultancy based in Edinburgh.
The former chair and chief executive of Shell UK will advise and support Belltree with its continued growth into international markets.
During his 36-year spell at Shell, he spent much of his time overseas including posts in Brunei, Nigeria, Borneo, Thailand, Eastern Europe and Australia.
Sir Bob is also a former chairman of London Electricity and the Halifax-Bank of Scotland.
Last month, Belltree successfully completed a major contract for the Oil & Gas Authority to develop recovery factor benchmarks for more than 400 N. Sea oil and gas fields
In addition, Belltree’s proprietary oil and gas benchmarking software has been adopted by the OGA to help maximise economic recovery in the North Sea.
Sir Bob said: “While the industry is facing many challenges, including environmental and political issues, Belltree is helping to maximise oil and gas recovery in countries around the world and I look forward to helping them build upon this.
“I’m thrilled to be back in the thrust of oil and gas again and to be joining a company that is showing how it can create considerable value for shareholders in the industry.
Rod Clark, managing director at Belltree, said: “We are continuing to build on our recent successes, including our North Sea benchmarking project for the UK government, and Sir Bob’s insight will help us provide a E&P benchmarking capability to investors, operators and regulators.”
Meanwhile, Aberdeen-based Wood Group has pocketed $10 million after selling off the north American nuclear energy facilities which it acquired as a result of its merger with Amec Foster Wheeler
7 Nov 2017