READ Cased Hole Appoints New CEO

READ Cased Hole, the North Sea well integrity logging specialist, has appointed Roy Martin as CEO as he spearheads an ambitious growth plan which will take the company’s specialist services and technical innovations to a wider global network.

With more than 30 years of industry experience, he has held senior management and executive positions with both major service providers and manufacturing firms.

Mr Martin said: “READ has a unique position and offering for well integrity in the market, with 20 years of providing well integrity answers to the industry and enabling smaller wireline companies globally to access this important expertise and technology. I am enthusiastic about the challenges in the months and years ahead, with the company benefiting from a strong vision and operating in a sector with excellent growth potential. We are well placed to embrace those opportunities.”

Mr Martin began his career in the early 1980s in the North Sea after graduating with a degree in Mechanical Engineering from Auckland University in New Zealand. He went on to gain extensive experience throughout Africa, the Middle East and the Asia Pacific region.

Investment to support growth plans from a consortium led by venture capital firm Energy Ventures and including Viking Energy is set to accelerate READ’s expansion into the international oil and gas arena.

READ’s development plans are focussed on the Middle East and Asia Pacific regions, where the company has highlighted enormous scope for expertise and innovation to support effective well integrity management.

Gavin Prise, chairman of READ, said: “We are delighted to have attracted a CEO of Roy’s undoubted calibre and look forward to implementing a very exciting growth strategy.”

Complex well types, ageing wells and new challenges in well integrity management drive the need for adaptation and innovation. To support its clients, READ has created a dedicated research and development division focused on identifying alternative ways of using existing technology as well as designing new solutions. The division will work closely with READ’s existing North Sea and Middle East clients to address the ongoing challenges they face.

READ is a specialist well integrity and production logging services provider, recognised for its superior data analysis and technical innovations.