A founding director of PSL Energy Services has taken up a senior role with oil and gas production enhancement specialist, Caltec Limited.
John Wingfield, one of the original directors who guided PSL from receivership in 2003 through to its £128 million sale to Halliburton, has joined Caltec as Business Development Director.
Based in Aberdeen, Wingfield’s focus will be to roll out Caltec’s innovative production enhancement and compact separation technology to major operators and contractor companies in the UK and Norwegian North Sea and internationally.
Caltec’s unique technologies increase both production and recoverable reserves as well as extend the life of oil and gas assets.
Backed by Norwegian investors, Energy Ventures, the Cranfield based company specialise in gas and multi-phase production boosting by using a locally available high pressure source and its patented Wellcom boost jet pump system.
Caltec already has collaboration agreements with Statoil and Petrofac and Wingfield will use his extensive international business development expertise to build new relationships in the oil and gas sector.
Wingfield, who has taken an equity shareholding in Caltec, said, "The quality and innovativeness of Caltec’s solutions was the major factor in deciding to join the company.
"Many major producers have benefited from Caltec technologies both in the UK and overseas and it is now time to increase our international presence. I firmly believe the company’s technology has major competitive advantages to anything else in the market and this will play an increasingly important role in maximizing production on assets in diverse and challenging environments across the globe.
"I am looking forward to using the experience gained while leading PSL's internationalization and growth strategy to the benefit of Caltec and promoting the company as best-in-class to potential clients."
Caltec CEO, Dave Turley, said Wingfield’s appointment marked the start of a managed expansion program which would showcase the company’s technology in new markets and tap in to unlimited growth opportunities.
Turley said, "This is a key appointment for Caltec and John Wingfield’s career to date and the success he achieved with PSL and other companies speaks for itself.
"We are delighted he is taking up the baton for Caltec and this signals the start of a very exciting new development phase for our company which has an abundance of talent and technical expertise to offer the energy sector."
Caltec has opened a new office in Golden Square, Aberdeen, and plans to take on additional staff.