Stable Services Drives International Expansion with Global Managing Directo

Stable Services has taken another step forward in its drive to become a global market leader. The oilfield products company has appointed former vice president of Smith International to the role of managing director of global operations as it aims to double international business by next year.

Martin Paisley (43) will join Stable Services later this month to head up the ambitious international growth plans which will focus on South-east Asia, the Far East and the Middle East.

With 20 years oil and gas experience, Paisley began his career offshore in fishing tool operations. He joined Red Baron in 1991 which was later bought over by Smith International. In 2005, he became one of Smith International's youngest vice presidents.

Originally from Glasgow, Paisley has spent the last ten years overseas in South America, the Caspian, the Middle-east and the Far-east.

Chief executive officer of Stable Holdings, Rod Coffey, says: "This is a key appointment for us and we are delighted to have secured someone of Martin's experience. His background with a major multi-national, knowledge and overseas contacts will be extremely valuable to us as we continue to capitalize on the huge overseas potential.

"Our rapid but sustainable growth in Europe is now being overtaken by our international business and we are strengthening our operations to be able to stay ahead of demand. We are currently in negotiations with organizations in four overseas locations to set up offices, machine shops and joint ventures. Martin will be responsible for concluding these negotiations and building an effective network of international operations."

Paisley will be based in the Middle-east where Stable Services have already invested in equipment and facilities to meet client demand. Further investment in a machine shop and service facility is planned for the very near future.

Commenting on his appointment, Paisley says: "This is a tremendously exciting opportunity to join a fast-rising Scottish company as it becomes truly international. I believe that Stable has one of the strongest teams in the business and, coupled with its reputation for service, will become a global market leader very quickly. With increased oil and gas activity around the world and a pressing demand for the products and services Stable provides the timing is spot on to exploit the opportunities particularly in places like Singapore, Iran and Libya."

Stable Services specializes in the rental, manufacture and supply of drilling equipment and currently employs 100 people. The company recently acquired Aberdeen-based Rig Services to significantly increase the rental side of its business and exploit the rapidly growing bottom hole assembly market.