Aquaterra Energy managing director becomes group CEO
- Business & Finance
The managing director of Aquaterra Energy, a global offshore engineering solutions provider, has become the CEO of its parent company Aquaterra Energy Group.
Aquaterra Energy said on Thursday that George Morrison, former managing director of the company, took up the position of Group CEO.
The company added that James Larnder would fill the managing director role at Aquaterra Energy.
According to Aquaterra, the senior management changes will spearhead the company’s continued growth strategy.
In his new position, Morrison will focus on expansion within the oilfield market through strategic acquisitions while Larnder will drive further business growth and product innovation within Aquaterra Energy.
Morrison said: “We’ve experienced growing demand for our offshore products and services, even when the oil price was stagnating. As the market accelerates, we’re set to expand our offerings and deliver intelligent engineering to a wider audience.”
Aquaterra Energy added it would continue to develop its existing products and services such as its new Aquaterra Express tools and equipment rental service, which offers easy access to an essential range of in-demand, standardized solutions.
Also, Well Start, aimed at the early phases of platform well construction, will be rolled out globally after a positive response from North Sea operators. Additionally, the company plans to expand its modular Sea Swift platform to include new designs to suit a greater breadth and depth of field developments worldwide.
Larnder added: “We believe great engineering is about applying experience to solve individual problems, which is why we’re always evolving new ways to help our customers. Aquaterra Express and Well Start are proving particularly popular and it’s an important focus for us going forward.”
The company said that it planned to continue its expansion geographically, following on from the opening of its offices in Norway, as well as recruit more employees to grow its global operations, sales, and engineering teams.