Well management and performance improvement specialist EXCEED has announced significant growth in 2014, reaching its target turnover of £15 million.
In addition, the expansion of its Aberdeen team adds 10 new business support positions to the head office, including the appointment of a Global business development manager. Founded in 2005, the Aberdeen-based company now employs a team of 75 with an international presence in Canada, Ghana, Kenya, Myanmar and Malaysia.
During the course of 2014 EXCEED has expanded its client portfolio, resulting in a contracts value in excess of £5million, and is targeting business growth in new strategic markets in 2015.
EXCEED established an impressive track record as a performance improvement specialist before diversifying in 2009 to launch the industry’s first wells management team to focus on deepwater well delivery, delivering projects in the Black Sea, East Mediterranean and Indonesia. The company continues to trail blaze, currently planning the very first deepwater campaign in Myanmar, expected to commence in early 2015.
The establishment of EXCEED Canada in 2013 followed an agreement with two Canadian operators to provide high-calibre wells teams to support their existing drilling programmes. EXCEED now has a team of harsh environment drilling experts supporting operations offshore on three rigs East Coast Canada.
In keeping with EXCEED's strategy of client demand-led growth and diversification, a new enterprise is being established in Ghana driven by a high degree of confidence in the growth of the region following the announcement of the TEN deepwater field development offshore Ghana and other emerging opportunities in the Gulf of Guinea.
EXCEED founder and director Ian Mills, who has 30 years’ experience in the oil and gas industry including senior drilling roles at Shell and BP, said: “This year, we have experienced an increase in client-led enquiries across the business and as a result of the increased number of projects, we have invested heavily in our recruitment.
“2014 has been an exciting year for the company, with new projects enabling us to build on our international footprint while strengthening our presence in Canada and Africa. In 2015, our aim will be to look at further prospects in South East Asia and Brazil. We are also excited by the contracts we have been awarded and delivered in Iraq and Kenya which reinforces our industry reputation. The fact that we have been requested to support land-based well construction projects, which are typically much lower cost operation, highlights the clients’ belief and commitment in our performance improvement solutions.
EXCEED's Performance Improvement division has a proven track record of helping clients save millions of pounds by improving safety and increasing rig productive time, typically by 10-15%.
EXCEEDlaunched its well management service with the aim to become the world’s preferred wells specialists partnering with clients to develop prospects without incidents and at the lowest possible cost of access. The key benefits to EXCEED’s target market – NOCs and the independent IOCs – include the calibre and training of its people and its track record for consistently delivering well objectives safely, on time, and within budgetBack to News