North-east oil service company Stats Group has appointed two new directors as part of an ambitious strategy to double in size within three years.
Staff numbers at home and abroad could double from 150 to more than 300, while annual turnover is expected to soar from last year’s £18.5million to around £40million.
Carl-Petter Halvorsen has joined the pipeline engineering firm as business development director, while Dave Shand becomes chief operating officer.
Stats said the appointments would strengthen its management team and free up chief executive Pete Duguid to focus on international development of the company’s range of piping and isolation tools for the oil and gas industry.
Mr Halvorsen has extensive knowledge of the Scandinavian energy sector and was one of the three founding directors of Flexlife. Mr Shand has worked with several fast-growth companies and was a director and part of the founding management team of WellDynamics.
Mr Duguid said: “Both appointments add strength and depth to our existing management team and will allow us to be more proactive in identifying and developing new business opportunities, while reinforcing the existing relationships we have with the major oil and gas operators and service companies.
“Carl-Petter Halvorsen is extremely well known in the international pipeline isolation sector and will greatly enhance our global development and market penetration. The pipelines and subsea industry are key sectors for Stats and Carl-Petter’s reputation will open doors to give us a chance to demonstrate our capabilities.
“Dave Shand brings a wealth of experience and wisdom to the table and by taking accountability for the day-to-day operations of UK and global operations, it will allow me to concentrate on high-level business development.
“He has spent a lot of time working with niche engineering companies and his understanding of how to get the best out of an engineering-manufacturing service provider will improve operations across the group. We have a very strong reputation in the marketplace, but are guilty of not promoting that position vigorously enough and we need to change the perception of being one of the oil and gas industry’s best kept secrets.”
The Kintore-based business was founded in 1998. Last February, the Business Growth Fund invested £7.8million in the firm.