Acquisition adds managed pressure drilling to Exceed portfolio
Exceed has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling (MPD) engineering and supervisory services to the Exceed portfolio.
Currently representing operators, drilling contractors and service companies of varying size and capacity, MPR brings a team of individuals experienced in global MPD operations.
The team provides small project support such as gap analysis of management systems/well control manuals for the inclusion of MPD operations through to full MPD project definition, tendering, contract award and execution. MPR actively develop the internal competence of clients’ teams in MPD concepts, techniques and operational execution.
“The acquisition of MPR is an exciting new addition to Exceed’s range of services – and one which is entirely complementary to the well delivery process,” Ian Mills, Exceed Managing Director, said. “The flexible basis on which our clients can access this expertise is already resulting in a very positive response.”
“As a combined company we can accelerate the growth of MPR and enable the existing MPR management team to focus on project delivery, competence development and service quality.”
“Our acquisition by Exceed provides MPR with the ability to grow, whilst maintaining the level of service we pride ourselves on. We are looking forward to integrating our services into Exceed and benefiting from their extensive international presence to support us in growing the business and client base,” James Parr, MPR’s Operations Manager, said.
Exceed provides well engineering and project management services with its head office in Aberdeen, Scotland. Exceed works for a wide range of operators in the oil and gas business in the UKCS and internationally, utilizing the company’s multi-disciplinary team of professionals.