The Peak Group Enhances Global Strategy

The Peak Group has enhanced its global growth strategy by expanding its operations in Houston.

The Peak Group, whose headquarters is in Aberdeen, has been based in Houston for three years and has increased its office space 10 fold to 4,000sq ft with a move into 1 Greenway Plaza in the heart of the city.

The Houston operation, headed by The Peak Group vice president Michael Williams, is the hub of the group¹s activities in the Americas and has led to the company securing major contracts in various locations including the United States, Canada, Mexico, Argentina, Brazil, Venezuela, Peru, Trinidad and Bolivia.

The expansion in the Americas mirrors Peak's worldwide growth in activity, which will see it drill 30 wells this year with forecasts for a sustained growth in the demand for its international well project management services in 2006.

Mr. Williams said: "The Peak Group as a whole has benefited from the establishment of a presence in Houston. We had already a reputation in other parts of the world as the expert in well construction performance management and we are now growing this business in the Americas.

"Demand for our services has reached such a level that we simply needed more space to operate. Every aspect of our business is expanding, from our innovative probabilistic software application P1, our manpower services division Peak Consultancy Services to our well management arm Peak Well Management.

"We are actively exploring several opportunities in the Gulf of Mexico, Southern Louisiana and Southern Texas where we are well positioned to deliver top class well management services through a combination of our excellent local knowledge coupled with proven international expertise."

Peak, which employs 73 staff, was recently named Most Promising Company at the Scottish Offshore Achievement Awards, and has also enhanced its position in Aberdeen by expanding from 5 Queen¹s Terrace into 6 Queen¹s Terrace. In line with its plans to cater for the anticipated work in 2006, Peak is looking to recruit up to 15 key personnel immediately. The available jobs include well team leaders, senior drilling engineers, drilling superintendents, completions engineers, technical assistants and well test specialists. The posts will be based at Peak¹s offices in Aberdeen, Perth, Dubai and Houston.

The Houston office currently employs eight staff and has three full-time positions for a senior drilling manager and two engineers. Andrew Paterson, managing director of the Peak Group, said: "The Houston office has really established itself as cornerstone of our business plans. The appointments there are in line with our growing international portfolio of work.

"Our global program of activity this year puts us at the forefront of international drilling activity in 2005. Houston will play a significant part in our continued growth throughout 2006.

"To meet that growth we are looking for exceptional, talented people who are seeking a positive career step. In return we provide international experience, responsibility and technical development in a culture where planning and performance are valued and rewarded."

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