Join OEdigital on Facebook Join OEdigital on LinkedIn Join OEdigital on Twitter

Well-Safe appoints CFO and CTO

Written by  OE Staff Wednesday, 23 August 2017 04:06

New specialist well abandonment company Well-Safe Solutions has appointed two more directors to lead the business.

Well-Safe Solutions was set up to capitalize on the significant decommissioning opportunity in the North Sea by providing a new approach to subsea well abandonment.

Following the recent announcement of the company’s first acquisition and appointment of CEO Phil Milton, Well-Safe appointmented Graeme Murray as legal and commercial director and Glenn Wilson as chief technical officer (CTO). 

With a plan to invest £200 million and to create 400 new jobs, the start-up company is offering an integrated P&A (plug and abandonment) capability from front-end engineering and design to project execution. The firm was founded by Alasdair Locke, Mark Patterson and Paul Warwick. 

Wilson joins Well-Safe from Repsol Sinopec where he was decommissioning program manager. Prior to that he was decommissioning and UK operations manager for Hess in Aberdeen during which time they undertook the largest UK based subsea P&A campaign to date. With over 30 years’ E&P experience in oil and gas asset life cycle management, Wilson has held various senior roles, on and offshore for Hess, JP Kenny and Coflexip Stena Offshore. 

Joining Well-Safe from Dolphin Drilling, where he was managing director, Murray has over 27 years’ legal and commercial experience in oil and gas. He was previously general counsel, company secretary and vice-president for commercial and procurement with Subsea 7. 

Well-Safe CEO Phil Milton, said: “We’ve already assembled some of the most experienced people in the industry with the relevant knowledge of subsea wells to create a centre of excellence in P&A. With these new appointments and the strength of our executive, we now have what I believe is one of the strongest, most technically competent and well-connected management teams in the business. 

“New and enhanced techniques and technologies are key to the plugging and abandonment of subsea wells in a safe and cost-effective manner. As CTO, Glenn Wilson brings a wealth of engineering expertise and a proven track-record in decommissioning P&A program management and delivery.

“We will continue to invest in people and look to acquire assets to build a market-leading decommissioning company for the future, capable of taking on any P&A operation.”

Read 4203 times