UK: O&G performance improvement specialist goes through management buy-out

UK-based offshore oil & gas performance improvement specialist, Salos Sunesis, has recently carried out a management buy-out with the ownership of the company switching to the managing director.

Salos said that, as a result of the buy-out, director Grant Wallace took ownership of the Aberdeen-based company from its founder Ty Crandall.

The company was formed 21 years ago and during this time assisted in the delivery of over 70 high-pressure high-temperature (HPHT) wells around the world. Salos also delivers auditing, coaching, and training to its clients.

The new owner, Wallace, joined the business in 2013 and increased the company’s service offering which now includes managed pressure drilling (MPD) project services.

Apart from taking over the company, he also brought in Bob Dickson onto the senior management team as the company’s operations manager. Dickson held senior positions such as subsea wells manager with Talisman and has over 35 years’ experience in the industry. He managed projects in the North Sea, Middle East, Russia, Norway, and North Africa.

Regarding the recent changes in the company, Wallace said: “The MBO (management buy-out) has allowed the team to build on the last two decades of expertise. We are very positive about the future potential of the business, and with increased enquiry levels we are seeing strong signs of the sector recovering.

“Bob’s appointment is another indication of our drive and ambition to grow the company by focusing on delivering value and assurance to our clients. He brings a wealth of expertise and insight to the team and more importantly our clients to enhance performance at the well site.”

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply