Tendeka Manager Recognised with Industry Award
AIS to Provide Subsea Thermal Insulation for Two Major EPC’s
Serica Acquiring North Sea Independent Tailwind Energy
A young engineer at global completions specialist Tendeka has been recognised for her outstanding service to the industry.
Anna Petitt, Tendeka’s UK Sales Manager, was selected to receive the Society of Petroleum Engineers (SPE) 2022 Regional Young Professional Member Outstanding Service Award for the North Sea region.
The award was acknowledgement of her outstanding contribution and leadership to the public and the community as well as her commitment to SPE and the wider the petroleum engineering profession.
A member of SPE since entering the industry, Anna first volunteered in the Young Professionals Committee where she was involved in the Beyond the Borders initiative. Anna then took on the role of Net Zero Committee Chair last year. She has been active in promoting energy sustainability, CCUS and the challenges of a net zero industry through a series of talks and seminars organised with her committee.
Serica Energy has entered an agreement to acquire UK North Sea E&P company Tailwind Energy Investments via a shares/cash transaction.
Serica Energy has entered an agreement
to acquire UK North Sea E&P company Tailwind Energy Investments via a shares/cash transaction.
AIS is pleased to announce the successful award from two major EPCs for subsea thermal insulation on Christmas trees, connectors and PLETs for a major development in Angola.
Our team will deploy both ContraTherm® C25 (a flexible material suitable for dynamic applications and flow assurance for complex subsea equipment) and ContraTherm® C55 (our multi-layer composite system has been effectively used in subsea applications for over 20 years) on the project, with the application being performed in several countries, including UK, Angola and Norway.
These awards follow on from the successful execution of previous phases of the field development for these key customers. Furthermore it highlights their confidence in our materials and ability to execute anywhere in the world.
In addition, Serica will assume Tailwind’s net debt, recently estimated at £277 million (US$336 million).
Mercuria, Tailwind’s largest existing shareholder, will in turn take a 25.2% stake in Serica.
The two companies’ combined production in 2023 is set to rise to 40,000 to 45,000 boe/d, making Serica one of the UK’s 10 leading offshore producers.
Production will be spread across the Bruce and Triton hubs in the northern and central UK North Sea, with 11 producing fields and upside/growth opportunities.
Tony Craven Walker and Mitch Flegg will remain as Non-Executive Chairman and CEO, respectively, of Serica, with Steve Edwards and Jacques Tohme joining the senior management team.
All Tailwind employees also will be offered positions in the enlarged group.
December 2022
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