Aberdeen well management firm Exceed has taken over a subsea specialist based in Lowestoft.
The acquisition of Managed Pressure Resources (MPR) adds managed pressure drilling engineering and supervisory services to Exceed’s portfolio.
MPR provides services such as analysis of management systems and well control manuals for the inclusion of managed pressure drilling operations. It actively develops internal competence of clients’ teams in managed pressure drilling concepts, techniques and operational execution.
Exceed provides well engineering and project management services for operators in the oil and gas business in the UK Continental Shelf and internationally.
Exceed managing director Ian Mills said: “The acquisition of MPR is an exciting new addition to Exceed’s range of services – and one which is entirely complementary to the well delivery process. The flexible basis on which our clients can access this expertise is already resulting in a very positive response.
“As a combined company we can accelerate the growth of MPR and enable the existing MPR management team to focus on project delivery, competence development and service quality.”
MPR’s operations manager James Parr added: “Our acquisition by Exceed provides MPR with the ability to grow, whilst maintaining the level of service we pride ourselves on.
“We are looking forward to integrating our services into Exceed and benefiting from their extensive international presence to support us in growing the business and client base.”