Tesco Appoints Industry Heavyweight to Drive North Sea Growth

To drive future growth in the North Sea and across Europe, Tesco Corporation has appointed Doug Sedge, previously CEO of Aberdeen based RBG Ltd., as its new vice president and general manager for Europe. The service company is also embarking on an investment programme which could see the creation of more than 20 new jobs in the North Sea region.

In his new role Sedge will be responsible for driving the service company's growth in Europe, Russia and West Africa, with support from its bases in Aberdeen, Norway, Russia and Romania.

The Canadian company, which has its headquarters in Houston, is a global leader in the design, manufacture and service of technology-based drilling solutions for the upstream oil and gas industry. It will this week embark on a recruitment drive to find a mix of experienced onshore and offshore personnel for up to 22 newly created positions.

When it established a base in Aberdeen in 2006 Tesco Corporation had only two employees based at its premises in Tullos. Two years later, thanks to a restructure that will align TESCO Corporations entire European operations with its Aberdeen base, the company has 59 employees based at its European headquarters in Aberdeen, and an additional 22 new positions are being created to support future growth.

Consolidating its European operations, the service company plans to become a major North Sea player across the full spectrum of UK and Norwegian shelves.

Leading the company's aggressive growth strategy, Sedge, newly appointed vice president and general manager said, "The company's decision to invest further in its North Sea operations underlines its commitment to the region. This also comes at a time when there are companies looking to move out of the North Sea and into more fruitful markets, so we are in quite a unique position.

"Our technology and service capabilities are suited to the requirements of the North Sea and so naturally, it is a key region for us. The investment in our workforce will allow us to capitalise on growth opportunities to deliver our cost effective and innovative technology to companies operating in the North Sea.

Sedge continued, "We have been developing our own qualified workforce with attractive packages, recognized training and clear progression opportunities within an exciting and dynamic, growing business. The company has spent the last two years quietly building the business in the North Sea. The next stage in our development will be to take advantage of the global demand for cost effective drilling techniques. The shortage of people and equipment in our sector is worsening and investing in our technology and our people puts us in pole position to meet current demand."

A rapidly expanding company that is poised to become a major North Sea player, Tesco Corporations patented technologies enables drillers to significantly reduce the time and costs associated with top drive drilling on almost any onshore and offshore rig.