Drilling and well-services contractor Archer announced an organisational shake-up and a raft of new appointments today.
The firm, previously known as Seawell, is re-organising to focus on four geographic and strategic areas – North America, the North Sea, Latin America and emerging markets and technologies.
The announcement follows a fourth-quarter profit warning on Monday and the news chief executive Joergen Rasmussen would be leaving the firm.
The Norway-based firm changed its name to Archer from Seawell just under a year ago after completing a £550million acquisition of Houston-headquartered Allis-Chalmers Energy in 2010.
At the time the firm said it employed about 750 people in Aberdeen.
Archer said its new North Sea division would be headquartered in Stavanger and led by Kjetil Bjornson, previously vice president of Archer’s platform drilling and engineering division.
Emerging markets and technologies will also be headquartered in Stavanger and led by Olivier Muller, who previously worked as chief executive of C6 Technologies, a joint venture between Archer and IKM.
Before that, he spent 18 years with Schlumberger serving in a range of positions across Europe and Africa and had a spell as vice president and general manager of Areva’s mining business in Niger, Africa.
As part of the shake-up the firm has taken on a number of new staff.
The North America division will be led by Ronney Coleman, who joins Archer following a year with Select Energy Services where he was chief operating officer and previously had 33 years at BJ Services.
Sam Daniel, previously at BJ Services and Baker Hughes, has joined the company as president of its pressure pumping division.
Robert Hoskins, also previously at BJ Services and Baker Hughes, has joined as president of manufacturing, supply chain, and facilities.
Archer said the organisational structure would be reflected in its financial reporting starting with the first quarter 2012 results.