Deepwater drilling and performance improvement specialist Exceed is exhibiting for the first time at Offshore Europe’s Deepwater Zone (Stand 6C27) following a record year for the business.
The Aberdeen-based company surpassed targets to turn over £5.2million ($8.5million) in 2010/11 and has taken on a further 25 staff in the last six months to reach a headcount of 60, with combined field experience of more than 1,000 years.
Turnover for 2011/12 is expected to be around £10million ($16million), supported by a growing team of well specialists who share Exceed’s commitment to HSE, efficiency, and consistency.
Exceed started as a performance improvement specialist and diversified in 2009 to launch the industry’s first project management team to focus solely on drilling projects in deepwater. The deepwater division now has two drilling teams.
Scotland’s Energy Minister Fergus Ewing met staff on the Exceed stand this morning (Tuesday) while on a visit to Offshore Energy and congratulated them on the company’s performance. Exceed was one of only a handful of companies the Minister visited at the show.
Founding Director Ian Mills said: “We formed the deepwater division because we felt there was a need for a consultancy to specialise in deepwater and provide integrated solutions from conceptual design right through to completion. There were several well engineering consultancies in the market place but due to increasing activity and well complexity as well as escalating costs, we believed there was an opportunity for us.
“Our primary target market and clients are national oil companies and mid-size oil companies entering deepwater or complex offshore operations, and rig-sharing agreements with groups of companies in regions with one or two-well campaigns but insufficient work scope to warrant longer contracts. In such cases, Exceed can collaborate across multiple operators and put campaigns together on their behalf. We immerse ourselves fully and co-locate with our clients. Anyone from outside the client organisation would believe we are the operator’s wells department.
“Delivering a deepwater well is not something you can just learn. Our team has extensive experience on a variety of rig types, including the latest technology 5/6th generation dual-handling rigs. We’ve turned that experience into a five-stage process that outlines the key inputs and outputs to deliver a safe and incident-free operation.’’
Exceed is lined up to drill at least three frontier deepwater wells in total this year in the Black Sea and off Israel and is in advanced discussions for further drilling projects along the coast of West Africa.
Mr Mills added: “Our mission is to be the world’s premier deepwater wells specialists who develop deepwater prospects without incidents and at the lowest possible cost of access. We aim to shorten the cycle from prospect to production while always delivering well integrity, well productivity and well quality. We have had an overwhelmingly positive response to our approach and the new work we have secured is on the basis of referrals.’’