Proserv wins Great Large Company

Proserv wins Great Large Company

Posted: March 13, 2015

Proserv has won a third industry accolade in as many months after being named Great Large Company at the Society of Petroleum Engineers Offshore Achievement Awards (SPE OAA) last night (Thursday, March 12).

The company was honoured with the top title in recognition of its excellent performance in the offshore energy sector including its successful business growth and clear strategy for continued expansion.

Proserv’s chief executive officer, David Lamont, said the award was a further endorsement of the company’s track record and its people: “It is important recognition of the achievements made by the entire Proserv team especially at a time when the industry is experiencing major challenges.  

“Through being responsive to changing market needs, Proserv has continually built upon its world-class technologies and deep-rooted engineering expertise to ensure we deliver consistent, cost-effective services that create considerable added value for our customers. As a result, we have experienced strong business expansion across key markets and have a robust strategy in place to sustain this growth.”

Proserv, which was also a finalist in the SPE OAA’s Innovator category, announced last December that US based private equity investor Riverstone Holdings LLC acquired a majority position in Proserv, marking a new phase in the company’s impressive journey. As announced, Proserv will continue to operate as an independent company under the terms of the deal.

The announcement followed an exceptional year for the company which has marked a number of key milestones including winning a series of high-profile contract awards globally, expanding its manufacturing facilities and capabilities and launching several new game-changing subsea technologies for fast-tracking production, reducing costs, improving system reliability and maximising field life.

The company has won a string of industry awards in recognition of its achievements. Most recently, Proserv was named Company of the Year at last month’s 2015 Subsea UK Awards while just weeks before, two of Proserv’s promising young employees were recognised for their outstanding achievements at the 2015 Oil & Gas UK awards.

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