Sunday, May 29, 2022
BusinessOffshore engineering company adds two new names to management team

Offshore engineering company adds two new names to management team

AN OFFSHORE engineering company has beefed up its board with the addition of two new names to its management team.

Decommissioning solutions specialist, Decom Engineering (Decom), has announced the appointment of two leading entrepreneurs to its board.

Decom has developed technologies which provide greener and safer solutions for decommissioning in the energy sector, and in January invested over £200,000 to open a base in Aberdeen to target North Sea oil and gas clients.

Strategic consultant Keith McDermott is one of the names joining the Decom board as a non-executive director, bringing a history of experience in the offshore sector.

Keith McDermott, who has joined the board at Decom Engineering.
Keith McDermott was previously with Aberdeen’s Ecosse Subsea Systems.

As Commercial Director and shareholder with Aberdeen’s Ecosse Subsea Systems, Keith helped build the business over an eight year period until its eventual £50m sale in 2018 to Oceaneering.

Ian Bailey, Group Chairman of the Anglo Saxon entities within the German-based SIEMAG TECBERG Holding Company, has been appointed Chairman of Decom Engineering.

Prior to acquiring a shareholding in the SIEMAG Group of companies, Ian was a managing partner of Blanes & Engineers Group in South Africa before the SIEMAG Group acquired the respective businesses in 2006.

Decom Engineering chief executive officer, Sean Conway, said: “We are delighted to have Keith and Ian on board.

“Their combined experience and success in industrial sectors closely linked to our own business will be instrumental in helping us grow and expand into new markets in the coming years.

“As part of the management team which guided Ecosse Subsea Systems from a niche subsea services player to being acquired by Oceaneering, Keith brings many skills to the table and will be a great asset to our existing board.

Ian Bailey, newly appointed Chairman of Decom Engineering.
Ian Bailey specialises in markets in Southern Africa, North America and Australia.

“Ian’s impressive track record of successfully integrating his own business into a larger company with a global footprint, and his understanding of international markets, will provide wise counsel as we embark of a period of strategic growth.

“Both appointments add a depth of experience to Decom which will underpin our drive to consolidate our position with existing clients, while rolling out our specialist equipment and skills in global markets.”

Decom ended last year on a high note by securing international contracts valued at more than £400,000 and investing £200,000 in establishing a new base near Aberdeen to be positioned on the doorstep of North Sea focused clients.

The company had designed and developed a range of cold cutting saws which are deployed on a variety of energy sector decommissioning projects which require pipelines and associated infrastructure to be safely removed.

Decom also specialises in Pipe Coating Removal which can transform decommissioned or surplus pipelines by stripping them of multiple coatings.

This allows the steel pipes to be repurposed on other projects and returns value to the asset owner, while offering significant carbon emission savings.

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