Wireless well technology firm Acoustic Data has announced the appointment of former Schlumberger executive Mike Mannering as chairman.
Mr Mannering is a former president of rig management at Schlumberger and director at Songa Offshore.
He joins Acoustic Data as the company’s chairman, where he will provide strategic guidance on accelerated the firm’s growth plan.
Acoustic Data recently celebrated nearly £6 million investment from Energy Growth Momentum to scale up its business.
Mark Tolley, CEO of Acoustic Data, said: “Mike is a respected industry player, renowned for his technical and commercial expertise – it’s a real privilege to have him on board. His industry insight and hands-on experience in developing oilfield service companies and increasing their market share will be invaluable in realising our growth strategy.”
Mr Mannering added: “In these low oil price market conditions, cost-effective data is a necessity for maximising the economic value of an operator’s assets. Acoustic Data’s SonicGauge System provides a real-time wireless solution to address this need.
“The key value proposition to be acknowledged is the company’s acoustic telemetry system which has the potential to cost effectively transform third-party downhole hardware into intelligent systems overnight. It was this technology platform, combined with an exceptional team, which made joining Acoustic Data such an attractive opportunity.”
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