Oil & Gas Innovation OGI Winter 2018 Digital Version - Page 29

NEWS - EUROPE New DEA CEO M aria Moraeus Hanssen announces a time for change on her first day as CEO and Chairman of the Board of Management of DEA Deutsche Erdoel AG. “I am starting at DEA in a very interesting time for the company and for the business as a whole. My main task going forward will be to make sure that we continue to operate safely and deliver on business goals while we adapt to new conditions, in parallel with the talks between LetterOne and BASF to merge DEA and Wintershall,” says Maria Moraeus Hanssen. Moraeus Hanssen joins DEA at a time where both the company and the oil and gas industry are facing significant changes. The changing energy markets are leading to structural changes, and early in December DEA’s owners LetterOne and BASF signed a Letter of Intent to merge DEA and Wintershall, creating a stronger Germany-based independent oil and gas company. Discussions towards a final agreement are ongoing. She underlines that the most important task for DEA is to continue running its production and projects in a way that creates value. DEA’s new CEO expresses her pride of being part of the oil and gas industry, but acknowledges that the industry faces changes: “DEA’s most important asset is the competency of our employees, that will be of great importance also in a merged company. Over the years, DEA’s employees have shown an impressive ability to get the most out of the asset portfolio. By continuing and further developing these efforts, DEA will be able to adapt to a world with a more diversified energy market.” Moraeus Hanssen: “It is not immoral to explore, develop and produce oil and gas. It is difficult and challenging, and for many, many years, oil and gas will still be a prerequisite for keeping the society going. Oil and gas companies’ biggest challenge is still not declining demand, but how to find more oil and gas to compensate for the natural decline from existing fields.” “We need to explore, develop and produce at lower costs, increased efficiency and with less impact on climate and environment. The oil and gas industry needs to take an active role in the ongoing energy transition. Digitalization and increased focus on technology throughout the business will be some of the levers to help us on this way”, she says. Before joining DEA, Maria Moraeus Hanssen had been working as CEO of ENGIE E&P International and Head of E&P Business Unit in the ENGIE Group in Paris for the last two years. She looks back to a broad spectrum of jobs in management and operations in the Norwegian Oil and gas industry such as Investment Director, Aker ASA (2008 – 2013), Senior Vice President Gas Supply and Infrastructure, Statoil ASA (2007 – 2008), Vice President / Offshore Installation Manager, Hydro ASA (2006 – 2007) to name but a few. Moraeus Hanssen graduated in “Petroleum Economics and Management” from IFP School - Ecole Nationale Supérieure du Pétrole et des Moteurs, Paris, in 1992 and holds a degree in “Petroleum Engineering” from the Norwegian University of Science and Technology (NTNU), Trondheim, in 1989. Moraeus Hanssen is also the Deputy Chairman, and the leader of the Audit Committee, of the Supervisory Board of Yara International, a global leader in nitrogen-based fertilizer production. • Royal IHC Acquires KCI from Oceanteam O ceanteam ASA (Oceanteam), the Dutch – Norwegian offshore service provider, listed at the Oslo stock exchange, and Royal IHC (IHC), a Dutch privately owned global supplier of innovative and efficient equipment, vessels and sustainable services for the offshore, dredging and wet mining markets announce that Oceanteam and IHC have executed a signing protocol under the terms of which IHC will acquire all of the outstanding share capital of Oceanteam’s Dutch based engineering and consultancy company KCI the Engineers B.V. subject to certain conditions precedent through an agreed Sale and Purchase Agreement. The transaction is not subject to regulatory approval. IHC plans to maintain KCI as an independent brand and operating company which will continue to serve external clients whilst also working on IHC projects. Oceanteam will continue to have access to all intellectual property built up over the years in relation to Oceanteam’s vessels, carousels and other assets. Furthermore, Oceanteam continues to have access to KCI’s engineering capabilities through a long term Service Level Agreement (SLA) between IHC and Oceanteam. This will provide Oceantea m with all necessary engineering support to pursue further growth of its Solutions and Shipping divisions. Oceanteam will continue to comprise of two operating segments, Shipping and Solutions. Diederik van Rijn, IHC Group Executive Director adds: “the acquisition of KCI fits within the overall strategy of IHC to further develop into a provider of knowledge and technology based services and products. KCI has built up an impressive track record in providing engineering solutions for the Oil & Gas, Offshore Wind and giant ferris wheels market segments and complements the other engineering centers of expertise within the group. We believe that KCI, with IHC as a strong reliable parent, will be able to further develop and grow to the benefit of its clients. We are also delighted to continue to provide engineering services to Oceanteam in the future”. Haico Halbesma, CEO of Oceanteam explains: “IHC presented a strategy that fits with the next step KCI has to take in terms of further expanding its unique designs and credentials list to become an even stronger partner for its clients. It also emphasizes the confidence in the engineering capabilities and idea realization skills of the KCI team. Their outstanding engineering projects have caught the attention of many clients over the past years, including amongst others the group that realizes the biggest ferris wheel that is now being built on Bluewater’s Island in front of the Dubai coastline.” Oceanteam will use the proceeds of the sale to improve the Company’s liquidity and to reduce outstanding debts. “By securing continued access to KCI’s services for our own Solutions business this is definitely a win-win transaction”, concludes Halbesma. • 29