Identifying the urgency of adequate support for North Sea operators, Houston-based offshore innovator, Trendsetter Vulcan Offshore, has appointed Finlay Johnston to lead business development efforts for the company in the United Kingdom.
“There is a long-term need for expert subsea support services in the UK, and by engaging a local representative, we are strengthening our commitment to the region, providing an avenue for North Sea operators to access our proven solutions, and ensuring the supply of quality service and equipment locally,” said TVO President Jim Maher.
Onboarded via 4C Global Consultancy, where he is a Senior Executive, Johnston will be spearheading TVOs services in the UK region, equipped with a vast range of experiences from commercialising assets to supporting the growth of drilling contractors, well intervention, well abandonment, marine and multi-service companies.
TVO is banking on the reputation of 4C Global Consultancy and Johnston's extensive experience to serve its clients in the UK. "The consultancy has a history of successes that demonstrate their capability, and Finlay’s personal achievements strengthen the value of this partnership,” said TVO Vice President Kevin Chell.
As a local representative, Johnston will supervise TVO's activities in line with Norwegian Shelf Competitive Position (NORSOK) standards and the regulatory requirements of the North Sea Transition Authority (NSTA) to implement the company's expert services such as wellhead cyclic stress reduction, among other offerings. The wellhead is exposed to extreme pressure conditions when massive structures initiate the process of oil & gas extraction. Addressing stress reduction through structural integrity and reliability thus holds immense significance to make the exploration and production process a success.
TVOs other services are aligned with the ambitious targets of conducting the plugging and abandonment (P&A) of more than 200 wells in a year, designed to address the challenges involved.
Relief for local operators
The North Sea oil & gas scene has witnessed an especially turbulent period since the announcement of the energy profits levy (EPL) in 2022 as a temporary arrangement, but it never went away, with the tax margin seeing a consistent rise with time. To top that, the energy generator levy was announced as well. Under such volatile economic circumstances, TVO's local presence will bring certain relief to regional operators by making its critical technology easily available.
“We ... are continuing to add to our global team,” said Maher on the onboarding of Johnston, which follows the recent appointment of a Country Manager in Australia.
As a commercial leader with more than 25 years of international experience in business development, contracting, and customer relationship management in the energy sector and finance, Johnston has worked with corporate leaders and the C-suite of S&P 500 companies.
“By enhancing the company’s commitment to the region with boots on the ground and aligning with well teams, decommissioning and well management companies, TVO will be able to improve project efficiency with proven solutions that reduce cost and risk for operators in an environmentally sensitive area," he said.
To know more about the well intervention scene in and around the European Union regions, click here.
