Norway’s NorSea appoints first UK finance director for Scottish expansion

Karen Russell
Karen Russell

NorSea Group (UK) Ltd has appointed Karen Russell as its first UK Finance Director as the company continues to grow its activity across Scotland in both the decommissioning and subsea support sectors.

She joins MD Walter Robertson and Operations Director Mike Munro in the new team leading the company’s expansion in the UK.

NorSea Group is a privately owned company founded in 1965. The company is a leading supplier of base services and integrated logistics solutions to the oil and gas industry in Norway.

Based in Stavanger, the group has an annual turnover of around NOK 3 billion and about 1,200 employees.

Russell has more than 13 years’ experience in the oil and gas industry. She began her accountancy training with Deloitte and Touche, then worked in financial roles with both Qserv and Weatherford before most recently spending almost eight years with Asco as finance manager.

She said: “This is a very exciting time for NorSea Group. It is a growing company in the UK with huge potential for future development as it diversifies from its traditional role as a logistics and base services company into the expanding decommissioning sector.

“I’m looking forward to taking on a hands-on role and getting very involved in the day to day running of the company in Aberdeen and at our bases at Peterhead, Montrose and Scrabster.”

NorSea Group (UK) is reaching the successful conclusion of the company’s first major small piece decommissioning contract, carried out at Smith Quay, Peterhead, on behalf of Endeavour Energy.

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