Subsea UK Appoints Leading Industry Figure as Chairman

Subsea UK, the organisation formed to harness and promote subsea expertise within the United Kingdom, has taken a step forward by appointing Bill Edgar, CBE as chairman. A chartered engineer with over 30 years in the oil and gas industry, Mr. Edgar is currently President of the Institution of Mechanical Engineers, a fellow of the Royal Academy of Engineering and a Director of Wood Group Holdings International.

Mr. Edgar takes over from Ron Cookson who assumed the role of interim chairman last August. Mr. Cookson, general manager of one of the world's leading subsea engineering and construction firms, Technip Offshore UK Ltd will remain on the board of Subsea UK.

Mr. Edgar joined the Wood Group in Aberdeen in 1995 and until May this year, he was the Group Director responsible for the engineering and production facilities division, overseeing 35 business units operating in 19 countries with an annual turnover in excess of $1 billion. In this capacity he was chairman and chief executive of Wood Group Engineering and chairman of JP Kenny Group of Consulting Engineers.

Subsea UK is delighted to have secured such an experienced individual with a proven engineering track record in both the oil and gas and manufacturing sectors. Chief executive, David Pridden, says : "Bill is a leading and highly respected figure in the industry. I am confident that he will have an immediate impact on Subsea UK and help us truly become the voice, heart and driving force behind the subsea industry. As an engineer with a long career in industry, he understands the sector and recognises the challenges facing us. I am looking forward to working with him to achieve our ambitions.

"I would also like to take this opportunity to thank Ron for his support and guidance as interim chairman over the last six months whilst a chairman was being sought.

Subsea UK's key objectives are to enhance and improve performance through collaboration and networking, commercialising technology, export marketing and diversification in the subsea sector which contributes £2 billion to the UK economy and provides employment for 40,000.

Commenting on his appointment, Mr. Edgar says : "Subsea UK has set itself a bold vision but it is one in which I believe. We must capitalise on the thirty years of investment which has kept Britain's subsea abilities at the cutting edge. We must increase our share of the increasing global market for our subsea services and equipment if we are to retain and create jobs and impact positively on the economy. Subsea UK has identified the major challenges and is looking forward to working in collaboration with business, government and academia to overcome them. I am fully committed to making sure the vision is understood and supported at all levels."

Mr. Edgar's first official outing with Subsea UK will be at the organisation's flagship event Subsea 05 on February 3rd at the Aberdeen Exhibition and Conference Centre. The one-day showcase exhibition will feature cutting-edge technology and the latest innovations and services, whilst guest speaker Tony Benn will head an impressive line-up of speakers during the associated seminar which will include presentations from leading operators and contractors on their future plans and the technology required.

Subsea UK's vision includes aspiring to become the hub of the supply chain network, providing intelligence, knowledge and advice to its members, effecting a step change in subsea and technology economics, creating a national subsea test centre and building foundations for a new generation of subsea skills.