SUMMER 2011 No180
Transcription
SUMMER 2011 No180
SUMMER 2011 No180 IN ISSUE 180 SUMMER 2011 4 Sitting on the dock of a bay 7 Into the deep 10 Blooming London The need to secure a new generation of offshore reserves, plays right into the hands of Hunting’s subsea division Famed for being one of London’s liveliest havens, Covent Garden Market has developed from fruit and vegetable wholesaler to entertainment and retail destination 16 Holland hub 18 Breaking waves Hunting Energy Services Dutch division provides a logistical hub for both the European mainland and a global customer supply chain A stranded rig in the South Atlantic Ocean called for a little more lateral thought than usual from Gibson Shipbrokers’ tanker projects team 20 Back to the drawing board With the revival of activity in the Gulf of Mexico, the focus is again on Hunting’s Louisiana facilities 24 News from our community 2 Cover The gateway to Heemskerk Castle, close by Hunting Energy’s Dutch operations at Velsen Noord. Photo: David Hunting The award of the 2011 Hunting Art Prize is set to boost the commercial prospects and international profile of the latest winner 13 It’s all about the people An introduction to the people at newly acquired Hunting Innova, the sophisticated electronics manufacturer 23 On a roll The Variball rolling system is finely positioned to deliver intervention tooling to today’s highly deviated wellbores Hunting Review; the external house magazine of Hunting PLC 3 Cockspur Street, London SW1Y 5BQ, UK [email protected] Edited by Victoria Bailey and Georgia Langdon, Campaign PR. [email protected] Designed by Anthony B Ainley MCSD [email protected] Produced and printed by Duffield Printers Ltd [email protected] Plain to see The need for reasonably priced energy to stimulate western economies and sustain growth in developing nations is going to cost a lot of money. No matter how the energy mix is muddled with political interventions, the stark reality is that we are very close to the point where production from existing means is balanced by growing consumption. No spigot has been left unturned in trying to ‘normalise’ international oil prices at $100 barrel and no ready alternative provides a substitute. The safety of nuclear power generation is now being questioned after the terrible events in Japan and reverberations from geopolitical upheavals cause worry for those who depend on traditional crude oil suppliers. These examples only serve to exacerbate the precarious energy balance and give clear sight for the case for investment in our future needs. However, with the low hanging fruit plucked and eaten some time ago, future harvesting looks to be an expensive proposition. In this issue of the Review we offer an overview of the people at the heart of our most recent acquisition, Hunting Innova, whose strategic manufacturing capability underpins the Measurement and Logging While Drilling operations of the world’s major service companies. The need for high reliability products with critical safety features has never been more acute than in the ultra deepwater environment where tomorrow’s resources will be developed. We look at how the company positions for these markets with the deployment of new technology such as the Chemical Injection System and our investment in the future of subsea activity. We also take a look at our Louisiana facilities, located at the key stepping off points for the Gulf of Mexico. These already share a strong international mindset but the re-emergence of the Gulf as a major operating basin raises some interesting local challenges as well as business opportunities. Our growing global footprint continues apace and as we go to press our newest and largest ever facility has just held its formal opening in Wuxi, China. We plan to revisit this story in more detail in further issues of the Review. Meantime we consider how important some of our oldest operations such as our Dutch facility remain, with their ability to respond, adapt and innovate to meet the needs of a rapidly changing world. 3 Hunting’s Louisiana operations are set to widen their focus as the Gulf of Mexico comes back on stream Sitting on the dock of a bay 4 Staff at the Marrero facility are busy fulfilling Gulf of Mexico orders once again D rilling activity is once again on the up for offshore fields in the Gulf of Mexico following the moratorium imposed after the Macondo blow out. More than 50 permits have been granted by the ocean energy bureau for shallow water wells since the new safety rules were imposed in June last year and 15 to date for deepwater projects. For those like Hunting Energy this is both welcome and daunting: it is good that the local domestic market is bouncing back, benefitting the local economy and boosting domestic supply. On the other hand the ability to switch business to other growing and international markets last year means that those facilities nominally affected by the moratorium, now find they are expected to respond to the resurgent activity off their door step too. As the meticulous Kenny Matherne, the General Manager at Hunting’s Marrero facility, muses: ‘Some problems are worth the having’. A great feat To put this into context the Marrero facility alone, located south of the Mississippi river and in sight of New Orleans, could in theory thread more than two and a half million feet of pipe by the end of this year. That would keep the 50plus team very busy indeed but the experience and skill set is fully geared up to meet this sort of opportunity. Large outside diameter (OD) pipe handling and high volume throughput are the regular diet for this plant that forms part of the Well Construction segment of Hunting’s business. Some of the senior workforce have 15 years of experience in the pipe and connection operations. The team in Marrero works closely with colleagues across the Well Construction platform, coordinating with the North American headquarters at Northpoint in Houston and not least with colleagues some 50 miles along the gulf coast in Houma. Full steam ahead The two facilities in Houma continue to flourish and growing pains have set management sights on a new ‘Mega Center’. The Woodlawn workshop, which is run by the ever willing Jim Schexnayder, is also looking to optimise the anticipated increase in potential throughput. Running a speciality machining operation this facility, which is at the load port for so much of the Gulf of Mexico activity, is highly susceptible to local offshore demand peaks in addition to the broader workload from further afield. The site also acts as a major offshore staging centre with a service capability for the storage, repair technology sector but even some of the more and sales into customer inventory. In this way junior staff tend to have around seven year’s minor items can be assembled into full length knowledge of working with these products. This tools, packed under the same roofline and is a reflection of Hunting’s premium positioning shipped in offshore baskets designed for rig side - even new recruits are expected to have a operation in whatever the weather. minimum of two year’s experience under their Meanwhile the Capital Boulevard site round belts. Generally the facility works with pipe of the corner, specialising in Well Intervention OD sizes ranging from 2 3/8in up to 20in, onto technology, is bursting at the seams. Under which Hunting’s proprietary range of Seal-Lock the watchful eye of Frank Jarveaux, the threads are threaded, including Flush and increasing number of machine lines is close to Semi-Flush. The new WedgeLock Flush is also the physical limits of the site’s capacity. With being tested by a major customer here and this in mind land has already been purchased, is expected to become a regular product line stabilised and sanctioned for building workshop order. and service areas. This is a large site which Located behind a protective levee the whole will in time accommodate all the Hunting facility is set up to handle large volumes Houma operations slightly further inland than whether by truck or rail spur directly into the the current facilities and so better protected yard. Buildings house each of the threading from hurricanes while remaining close to the lines in a logical progression by size and type customer’s operation. Capital Boulevard is due with yard space to manoeuvre and store in to move in this year and, once settled, plans between. Swaging and Phosphate areas are can be drawn for the Woodlawn Ranch move as housed under a different roof as a discreet the situation demands. operation since, depending on pipe size, work All the Louisiana facilities pride themselves orders move at a different pace to the threading on running highly efficient businesses and 5 workshops. The ethos is shared across all Hunting facilities: safety first, quality a close second and then the grit and steady determination to get whatever jobs need doing as quickly and effectively as possible. The Big Easy Gazing out over the Mississippi river from the top of the Marrero levee, the skyline of New Orleans is temptingly close. The contrast of modern and old could easily shadow the dance of the energy industry of the modern city with the smoky, louche jazz reputation of the old. Steeped in history, this bustling city contains a wealth of architectural treasures from the old French Quarter with graceful townhouses and elegant mansions to single-storey Creole cottages and the city’s famous ‘Shotgun houses’. Complemented by beautiful, historic gardens, this variety reflects the cosmopolitan and truly multi-cultural nature of one of America’s most unique cities. Founded in 1718 by the French Mississippi Company in the river delta as it empties into the Gulf of Mexico, New Orleans is named after Philippe d’Orléans, who was Regent of France at that time. Under Spanish control from 1763 to 1801, it briefly reverted to the French before being sold to the United States in the Louisiana Purchase of 1803. The city then grew rapidly and welcomed waves of immigrants: African, 6 American, Creole, French, German, Haitian, Irish and Italian among others. This wealth of cultural influences has resulted in a city renowned for its cuisine, its annual celebrations and festivals, most notably the world-famous Mardi Gras carnival and, above all, music. Acknowledged as the birthplace of jazz, New Orleans remains one of the most exciting places on earth for those seeking a flourishing music scene. As for the city’s festivals, Mark Twain observed: ‘I think that I may say that an American has not seen the United States until he has seen Mardi Gras in New Orleans’. The many tourists who flock here for these attractions - New Orleans has traditionally been one of the most visited cities in the United States - are spoilt for choice when it comes to food. Cajun fare, which combines French and Southern influences, features hearty dishes like jambalaya and crawfish etoufee, while Creole dishes such as gumbo and redfish courtbouillion make full use of local seafood, herbs and tomatoes. Both traditions boast a repertoire of deep, delicious flavours. Less happily, the city’s reputation as The Big Easy, so named because of its residents’ famously relaxed approach to life, was severely tested by Hurricane Katrina in 2005. As is well-known, the flood protection system failed, resulting in the devastation of a city with an average elevation below sea level. But the determination of inhabitants and the volunteers who came in their thousands ensured that New Orleans would recover and continue to exude its own special brand of vitality. New Orleans A major United States port, New Orleans is the largest city and metropolitan area in the state of Louisiana The New Orleans metropolitan area, (New Orleans-Metairie-Kenner) had a population of 1,235,650 as of 2009, the 46th largest in the USA Famous residents include Lenny Kravitz and Brad Pitt New Orleans cemeteries are a major tourist attraction The city boasts the oldest continuously operating streetcar in the world New Orleans is home to a distinctive variety of Louisiana Voodoo Anne Rice set much of the action of Interview with the Vampire in New Orleans Into the deep The expected growth in the subsea sector means investment is high on the agenda Global subsea forecast Source: Quest Subsea Forecast Awards Nov 2010 Africa/Mediterranean Asia/Pacific North Sea N. America S. America 2010 2011 2012 $140 bn 2013 2014 A s the US initiates efforts to return to deepwater drilling, the global interest and surge in investment committed to this sector is set to provide the opportunities for Hunting to venture further into the deep. Expenditure on the global subsea production market is currently hot news as the Independent Oil Companies look to the next ‘frontier’ for their future as national interests inhibit activity in established onshore regions, as Chevron comments: ‘National Oil Companies control 94 per cent of the world’s reserves’. Over the next four to five years, the current investment figure is expected to more than double to nearly $140bn. While the full potential of deepwater fields is still not fully understood, it is estimated that in Brazil alone the deepwater pre-salt Santos Basin resources could run into 70bn barrels of oil equivalent. As more reserves are mapped out and recategorised from possible to probable, some experts say this figure could turn out to be on the conservative side. Analysts predict that deepwater resources, primarily for offshore Brazil, West Africa and the Gulf of Mexico alone, could provide almost 14m barrels of oil equivalent per day by 2030 - that’s more than double deepwater’s current contribution to global supply. Added to this almost all major field operators have declared that they will increase their offshore Exploration & Development expenditures; the deepwater rigs that will drive that activity will add around 38 per cent to available drilling capacity. The drive to dive Hunting’s subsea technologies, which are managed from Stafford, Texas at the National Coupling Company (NCC) facility, fit neatly into this picture. The global forecast for subsea expenditure has accelerated the in-house development programme to take advantage of emerging opportunities. Of particular note has been the technological advancement and 7 Gary Weathers demonstrating new machining capability as Dane Tipton (below) points out the new building site now fully commissioned with a visitor inspection suite and real time remote video monitoring capability. It is also available for third party testing since the chamber’s size, pressure limits and inspection facilities make this a unique regional proposition. Perfect seal deployment of Hunting’s innovative Chemical Injection System (CIS). The CIS is an active flow control system that works through positive displacement metering to deliver multiple chemicals to individual subsea wells at controlled and verifiable injection rates to ensure the smooth and consistent production from a well. The system is mounted subsea on a production tree, manifold or pipeline end termination sled (PLET) and is remotely operated and monitored in real time. The electronic control system on the device constantly analyses flow data and automatically adjusts its active valve opening to accommodate a variety of changing flow parameters. Federal enforcement of higher safety standards in the energy industry, associated with the adoption of new enhanced technical standards for subsea operations worldwide, is also a boon to Hunting’s CIS. The system is one of the mostly technically advanced in the world and fully geared to deal with the complexities of working at typical deep sea depths. The company’s hyperbaric chamber, where all pre-delivery testing takes place, is 8 Other product lines at the Stafford facility also address well safety issues. A new subsea coupling design is being developed which will produce high volume, metal to metal seal connections for use when sampling fluid from wells. This new RS-24 coupling line is a result of increased safety and flow requirements in deepwater drilling around the world. While traditional standards were deemed adequate with a single point ‘Choke & Kill’ line setup, a multiple point heavy brine injection capability is now being explored. The latest design parameters include the need to meet 50 barrels per minute with tolerances that must cope with high temperature operating conditions of 170 - 200 degrees centigrade with high pressure exceeding 20,000 psi. In such severe conditions only all metal seals can meet these demands. NCC also addresses the rigorous safety and reliability requirements of both the drilling and production segments of the oil and gas industry with its Specialty Valve product line. The company has recently introduced new materials and enhanced designs for valves controlling critical safety functions on subsea drilling control systems. Additional valve designs are being developed for high reliability production control. Welding demand To ensure the highest levels of quality control are maintained, the facility has now brought in house all of the previously outsourced speciality welding work. Over two years in development, this process is state-of-the-art combining precision machining and automated welding technologies and is complemented by leading edge digital radiography and computer tomography to meet all Non Destructive Evaluation (NDE) requirements to verify critical weld integrity. This automated welding and NDE capability has simplified material logistics and shortened lead times while eliminating the need for maintenance of a physically large and continually growing film storage library. The success of the product range has led to increased investment opportunity Building the machine Hunting is committed to continued process improvement in all aspects of manufacturing by employing Lean Manufacturing technology. NCC’s lean manufacturing journey began in early 2002 and is continuing to improve efficiency, reduce costs and streamline production activities to meet customers’ requirements for value, quality and on-time delivery. As part of this effort, a parallel investment programme is in place to purchase new state-of-the-art machine tool technology to continually reduce the unit of labour in all manufacturing processes. A recent result of this effort is the capability of producing a finished product in 10 minutes from raw austenitic stainless steel bar, down from an old process time of 50 minutes. Investing in ‘lightsout’ unattended manufacturing technology is also an integral part of the company’s lean journey. This effort is anticipated to provide the capability of producing 30-40 per cent extra shift work completely unattended, as they say ‘lights out’, within the next two years. To ensure reliable electrical power two natural gas generators are being bought to provide back-up in the event of electricity failure from the public grid. These are essential to ensure an uninterrupted and steady power supply can be maintained during night hours with staffing levels at zero. Girding for growth With all the current growth in the subsea arena, expanding the facility to cope with anticipated demand has become a priority. To facilitate this growth it is essential that new premises to accommodate production expansion and support employees are also built. NCC has recently acquired approximately four acres adjacent to the existing facility for a total of 17.5 acres. This additional land will facilitate the first phase construction of an additional 38,000sq ft of manufacturing and service space. As the Review went to press the concrete work had been started following completion of ground preparation, pictured far left. It is planned that the hydraulic coupling line and some of the machining tools will move to the new workshop this autumn. This investment will help in developing key new and complex products and raising manufacturing capacity. The majority of sales are already destined for overseas markets, even though most of the orders are placed locally. As worldwide demand materialises the expansion of the subsea division is expected to keep in line with the vast emerging opportunities. Hunting has every intention of being the supplier of choice to those who equally anticipate and eagerly expect to venture into the deep. 9 Blooming London South Piazza, Covent Garden in the early 20th century 10 L ocated close to Hunting’s London HQ, Covent Garden is one of the capital’s most vibrant spots, receiving many thousands of visitors each year. Whether popping in and out of the myriad of shops, pausing to marvel at the daring street performances or just enjoying the unique buzz of the place, few come to learn about the cobbled streets’ colourful past. During the reign of King John in the 13th century, a 40 acre site formed a large kitchen garden for the Convent of St Peter at Westminster. Over the 700 years which followed, the monks’ ‘convent garden’ evolved into London’s primary source of fruit and vegetables. Visitors to the city today can still find this authentic area situated between St Martin’s Lane, Drury Lane, Floral Street and Maiden Lane. It was not, however, until the early 17th century that the area now referred to as Covent Garden, a corruption of the original convent, began developing into a commercial enterprise. In 1631, a century after King Henry VIII’s dissolution of the monasteries and confiscation of the land from the Abbey, Francis Russell, 4th Earl of Bedford, obtained a license from the Crown and started to build on the site of the former convent gardens. In collaboration with the leading architect of the time, Inigo Ever since the first traders settled in the Italian designed piazza, the name of Covent Garden has been synonymous with lively London market trade Jones, Bedford modelled the development on a traditional Italian piazza. Particularly striking was the design, construction and management of the square, which represented a radical departure from traditional Tudor practice. A flourishing trade The new area rapidly attracted further development and with numerous shops, taverns and market stalls open for business, profitable commercial ventures soon materialised. History suggests that it was as these traders started peddling their goods, that the first pineapples were introduced to England. In response to immediate popular demand, the fruit soon became an exotic symbol of wealth and hospitality. This tropical motif was adopted by many architects, craftsmen and artists and is still recognised as the emblem of the market. To this day, visitors to Covent Garden Market can observe a pineapple adorning each street light a charming link to the market’s rich history. The devastating impact of the Great Fire of London, which swept through the city in 1666 and destroyed many of the smaller, rival markets, meant that exotic produce arriving from around the world could then only be shipped to Covent Garden. Almost overnight the market became the country’s principal point of trade for fruit, vegetable and flowers. The ever increasing potential for business led, in 1670, to King Charles II granting the 5th Earl of Bedford permission to establish an official fruit and vegetable market on the central square. Industrial revolution The growth of manufacturing, agricultural productivity and the arrival of factories - all of which took place in the following century helped the British economy to industrialise. It was during these years that the pioneering work of the influential Scottish economist, Adam Smith, considered the father of modern economics and capitalism, began to gain recognition. Smith’s revolutionary Inquiry into the Nature and Causes of the Wealth of Nations, which was published in 1776, emphasised the belief that an individual’s pursuit of selfinterest indirectly promotes the good of society. Although warning consumers against the commercial conspiracies of businessmen, Smith suggested that an element of self-interested competition in the free market would benefit society by keeping prices down, while simultaneously developing an incentive for a variety of goods and services. The market at Covent Garden weathered 11 The Royal Opera House nestles next to the buzz of Covent Garden’s bustling streets many storms over these years yet remained resiliently open for business. Employing more than 1,000 porters at its peak, it continued to welcome its customers on a daily basis throughout blizzards, thunderstorms and war as well as surviving some particularly volatile economic climates. Mark to market An increasingly fashionable place to live and work, the market quickly gained a modern commercial and residential mix. Following the opening of coffee and ale houses, entertainment also arrived on the site and since then has played an intrinsic part in the popularity of the area. As the entertainment industry expanded and many more theatres were built, printing also became a major source of employment in the area. In addition to the Theatre Royal, which remains the oldest functioning London theatre today, the area also boasts the Aldwych, the Lyceum, the Royal Opera House, the Coliseum, the Fortune and the Donmar. In the 19th century the 6th Duke of Bedford responded to this rapid commercial growth and opportunity for further progressive investment and began to rebuild the marketplace. Gone were the old stalls and in their place today’s neo-classical market building was erected, designed by the prominent architect Charles Fowler. A roof was eventually installed in 1870, much to the appreciation of the market’s weather-worn inhabitants, both traders and customers. Common market Despite Covent Garden’s historical prominence as London’s largest wholesale flower, fruit and vegetable market, it became apparent by the beginning of the 20th century that the central location, which had become increasingly congested with traffic, was no longer an appropriate venue. The two world 12 wars led to delays in resolving the future for the market during the first half of the century, but in 1974 the agreed solution was to move it to Vauxhall. The consequence of this was that the remaining piazza and surrounding streets, having been deserted by the relocated traders, had remained relatively unchanged for more than 70 years and were long overdue redevelopment. From apples to Apple By carefully preserving the historical fabric of Covent Garden, it began once again to attract commercial interests. A number of private investors built commercial establishments, converting the central market into Europe’s first speciality shopping complex with beautifully designed lanes full of fashionable boutiques. Where there were once many rows of apples and pears, now an equally vivid array of stylish gift shops and leading stores are on display, including the largest Apple shop in the world. A honey pot for tourists - an estimated five million people visit the piazza every year - the catering industry also identified the new market place as presenting an ideal opportunity, and countless bars, cafés and restaurants were opened and now flourish. While the world-renowned theatres remain a legacy, Covent Garden’s central square is equally famed for its street artists performing thrilling acts for the entertainment of audiences. Coming up roses Today’s Covent Garden is now, happily, fully restored to an equivalent of its former glory. It is a unique area of London which has managed to regenerate itself while successfully retaining its characteristics from over the centuries. It is, in its way, a symbol of London’s ability to adapt and survive, like the flowers and fruit that were once its mainstay. It’s all about... B The MWD/ LWD sector is critical to the upstream energy industry and never more so than now with the emphasis on horizontal drilling Trey Cook Scott George efore joining Hunting last year the story of Innova had begun in 1994 with founder Trey Cook. He engagingly recalls the commitment needed to establish and develop the company as it grew to become the largest strategic, electrical contract manufacturer to the ‘high reliability’ end of the industry. Until that time the major oil service companies had kept their production in house. However with the advent of outsourcing, the business model changed with processes that were deemed to be non-core contracted out - and with that the opportunity opened for Innova. The customer got to keep its designs and intellectual property rights while Trey set about providing the manufacturing services. To future proof the offering meant a conscious decision to step away from replicating established industry practices and to embrace new techniques and the technologies that set new manufacturing standards. It also lead to the development of a close knit team which shared the same goals and aspirations, with many long serving members still with the company today. While lighting upon some of the core members in this article it is worth noting that without the enthusiasm and dedication of individuals within the 400 plus complement, there would be no story to tell. No barriers The management team is a well established unit. Working closely with Trey is Scott George, who has day-to-day responsibility for overseeing operations at all levels as VP Corporate Development. He came to Innova via an industry OEM whose programme for board building was being outsourced to the company in 2000. He echoes the ambitions of his colleagues and desire to use Hunting ownership to take the company further into the realms of ‘Hi-Rel’. Scott works alongside Mike Blehm VP 13 ...the people Inspection and testing Mike Blehm Manufacturing; as a contract manufacturer it is no surprise that this operation should be at the heart of Innova. Having joined in 1996, he has an intimate knowledge of all these areas, which he manages on a daily basis including customer service, engineering, planning, new product development and cost control. Walking the talk While the administration, sales and support staff have dedicated departments, it is only a short step to the shop floor where many of the team can be found at any given time. Once in the main manufacturing facility, with its $700,000 worth of static free flooring, the work flow proper starts with the Surface Mounted Technology group where printed components are attached to the circuit board. Darryl Tarpley has been in the Printed Circuit Board manufacturing business all his working life, the last seven with Innova. As Manufacturing Manager he is responsible for ensuring that all the manufacturing aspects of the Surface Mounted Technology group, including all related customer matters, run smoothly. Ably supported by Ernest Buggs, Production Supervisor, Commercial Products, there is a need for close cooperation to set the production pace and scheduling that starts the manufacturing journey. 14 The inspection process is set into the early stages of the journey and circuit boards undergo full optical and x-ray analysis. A testing regime is agreed with each customer requiring regular contact to tailor the individual programme as well as to assure product quality. That is a responsibility of Test Engineer Russell Chapman, who looks after the software and hardware developments for their test specifications. The personal rapport between OEM and Innova is critical at all levels to the success of the partnership. Arming those personal relationships with the right technology to support the entire operation, Chet Fielden is Director of Technology. He joined Innova in October 1997 after being a Senior Software/ Hardware Consultant and a Senior Project Engineer. Chet now has overall responsibility for technical sales, test engineering, functional test and the IT department. Chet Fielden Russell Chapman Dennis Wilson Assembly and integration The flow process continues in dedicated customer cells where the requirements of each client can be met without compromising their design property. Thru-hole assembly and integration of the electronic components into the tools are performed. In charge of this section is Dennis Wilson, VP Tool Integration, who is ultimately responsible for the assembly and integration of components into the customer’s product. With more than 26 years of experience within the energy services industry, Dennis has been involved in many aspects of Ernest Buggs Darryl Tarpley the manufacturing process. The complexity of individual customer requirements needs the support of a wider team to fulfill particular niche roles. Key members include Eric Taylor as Production Manager for Tool Integration and the Computer Products Division where he manages projects, training and internal audit teams. Leang Chhath, Production Manager, Tool Integration/ SLB, balances out the team with 15 years of experience with Innova including expertise in Thru-hole Manufacturing Assembly and Quality Assurance. Form and function Once the end product is assembled and all components fully integrated, the testing continues with full functional checks being performed and final inspection undertaken. Only then can the full documentary dossier be prepared by Steve Reed, Production Manager, who is responsible for all current customers in the manufacturing process, ensuring quality, customer service and on time delivery. Onwards and up Hunting Innova employees have been a tremendous asset to the success of the business and they are valued in every capacity. With a record of loyalty and service longevity there is much common ground with the existing Hunting companies and a shared ambition to build an even stronger presence as manufacturer of choice to the energy services industry. Kitting raw material Surface mount placement Convention reflow Optical inspection Functional test Flying probe test Thru-hole placement/ integration assembly X Ray inspection Potting/ Encapsulation Final inspection Shipment to customer stock Steve Reed Eric Taylor Leang Chhath 15 Holland hub H unting Energy Services BV has been a constant mainland European presence since the start of commercial gas production from the southern North Sea in the mid 1970s. Originally just a toe-hold in Den Helder, this then led to a more substantial presence some 50 miles to the south at Velsen Noord, opposite the port of Ijmuiden on the North Sea Canal. The Large OD pipe workshop and yard at Olieweg has direct access to the waterway, while up the road, the separate fabrication unit occupies the site of an old paper mill whose double storey height more readily accommodates the taller structures the company specialises in. The management of these operations forms part of the European grouping based in Aberdeen while the character and local outlook is pragmatically Dutch. This configuration allows for the optimisation of North Sea basin manufacturing while promoting a marketing initiative to mainland Europe and international opportunities further afield. More than 10 years ago 80 per cent of the activity was geared to the domestic market with the remainder destined for overseas. The inverse is now true with 80 per cent of product destined for the 16 international market and the remaining 20 per cent orientated to the local sector. Hub at the heart Olieweg sits in the shadow of the massive Tata steelworks (the old Koninklijke Hoogovens then Corus plant) that forms the mainstay of Velsen Noord’s economy at the mouth of the North Sea Canal that links maritime Amsterdam with the world. This proximity belies an irony that all the raw steel materials used by HES BV for machine stock are now exclusively imported. A double irony is that this illuminates the key role played by the Dutch operation at the hub of a logistical network whose web can be highly complex as well as prized. A steady order book across a range of tubing and accessories is maintained by a reputation for quality and swift response with the experience of handling diverse materials, grades and sources. These typically come from Japan, Germany, the UK, China or Eastern Europe. By way of example, an order from an Emirati customer in the Middle East calls for steel imported from Japan, transhipping to a train in Flushing, while couplings are trucked from the UK. This is all brought together for manufacturing in Canal plus Hunting Energy’s Dutch presence provides a unique outlook on the horizons of world trade and the supply chain alike HES BV ready for the finished products to be air freighted to the end user in Central Asia. The trans-border bureaucracy truthfully needs as sophisticated a response as logistical and manufacturing expertise. Supply chain intervention The ability to slot into an international network by providing a low friction service, means that Large OD orders can also be managed as part of a complex supply chain as demonstrated by the photographs showing an order of Greeksourced 18 5/8 in pipe being re-loaded onto a boat once threads had been cut, buttress couplings machined and protectors applied before being shipped back into a larger supply contract. Such ability to step into and successfully manage a particular sub element in the wider supply chain typically leads to an average of two to three such boat operations a year. Another example might encompass a work package of 15,000 18 5/8 in pipe from steelworks in Germany, couplings from France, protectors from Moldova, commercially arranged by the client in the UK and destined for an end user in the Arabian Peninsula. As well as speed and flexibility, proximity to the quayside is clearly a strong point since shipping this sort of quantity by boat is far cheaper than by truck or train. The advantage is the ability to give the customer a choice for parcelling out elements of the main work programme and making a valuable contribution to their supply chain. Naturally such work does not flow through the door of its own accord and involves a substantial amount of travelling, working closely with the decision makers and then being able to create and demonstrate the viability of the various options before agreeing the appropriate service. Velsen Noord in the province of North Holland is often described as being just north of the city of Harleem, which is slightly economic in definition now that the North Sea Canal with its complex of levees, locks and channels splits the two. It is quite staggering to realise that this colossal engineering feat was undertaken by hand. Like a ribbon development along a highway the canal has allowed the gradual ingress of industry along its banks which has spawned a multitude of marine orientated businesses or those that need ready access to the international sea lanes. This is epitomised by the steel plant itself and then national desire in the post first world war era to build an independent Dutch steel making capability. At the same time it is a very short step away from the canal to enter a picture perfect bucolic landscape with ancient castles and rich Amsterdam merchants’ summer residences built in fine aspirational style with formal gardens and sculpted parkland. the Drilling Tools with equipment management and rental business facility in Aberdeen can also be helped up into a European client base. The prospects for these businesses encompass not only the existing range of major basin activity but mean that they are also pre-positioned for the exciting emergence of European shale play prospects - as and when they happen. Family reinforcement The role played by the Dutch units gives a much desired European angle for other units in the Hunting fold where synergies make sense. It allows other divisions, new acquisitions and new formations access to expansion opportunities by levering off this mainland springboard. Distribution of manufacturing for common Hunting products and components with assured quality gives an inherent flexibility and strong competitive advantage. The Well Intervention activities work increasingly effectively in this manner. It is anticipated that 17 Breaking waves A troubled call for assistance on the high seas got the deep sea tanker team a-thinking Protected zone Open water 18 A rranging contracts for tankers on long term charters and pooling agreements for the carriage of oil and oil products is the usual bread and butter for Gibson Shipbrokers’ deep sea tanker projects desk. Accordingly, the team is familiar with the frequent and often unpredictable complexities involved in the business of oil transportation. Even so, when a client puts in an especially unusual request, it still raises eyebrows and gets the creative juices flowing. This is exactly what happened when Murphy Oil came with a particularly unusual scenario for a ship in support of a stranded jack-up rig. All at sea Earlier this year a painful drama was being played out in the southern Atlantic as Murphy was trying to reposition its chartered rig, the Atwood Beacon, off the coast of Suriname. Normally a jack-up would be manoeuvered into place, either self-propelled or towed, using its own hull for buoyancy. Once in position the legs of the rig are ‘jacked-down’, grounding it securely on the sea floor. The rig platform is then raised or jacked up to a predetermined height above the surface, limiting the impact of waves, tides and currents on the rig’s drilling operation. With drilling completed the theory is that the operation is reversed and the rig is safely floated into a new location to start the process once again. Or not as the case may be. After 45 days of attempting to refloat the rig, Murphy was still struggling with repositioning due to heavy swell and strong currents. An innovative solution would have to be found. Making waves The relationship between client and broker is paramount to success and in this instance allowed for the creation of options that would not otherwise have been generated to break this impasse. Murphy decided to try a new technique, using a drafted down tanker to lie off the rig, restricting the swell and current on the tanker’s lee side, to allow the jack-up operation. The tanker project desk in conjunction with colleagues in the mainstream tanker and dry cargo departments presented Murphy with several vessel options in close proximity. The charterers having decided a minimum draft of 12m was necessary to reduce the swell, asked Gibson to arrange for the Norwegian owned Aframax, the MT Evi Knutsen, to perform the role. The vessel, with full seawater ballast, was able to draft down to about 14m and was initially contracted for approximately 20 days. During operations, the vessel was held about 500m off the windward/seaward side of the rig by its dynamic positioning system and two anchor handling tugs, which were also needed to ensure the vessel’s bow and stern stayed perpendicular to the rig. A swell job Success - the tanker provided sufficient lee for the rig to relocate safely and continue its drilling operations. To reinforce that Murphy re-hired the vessel one month later to perform the same role allowing the Atwood Beacon to complete Murphy’s drilling campaign. Meanwhile the brokers at Gibson look forward to further challenges and a niche market for large tankers in equally innovative roles. Tugs help to keep the MT Evi Knutsen in optimum position 19 Back to the Dennis Proctor hands Leigh Anne Lester her prize The arts community and energy industry met once again at a spectacular award ceremony to celebrate the winner of the 31st Hunting Art Prize L uminaries from across the American art scene and distinguished industry guests came together at an evening gala in April to view the latest creative contributions of Texan artists and celebrate the winner of the 2011 Hunting Art Prize. The event has really become an eagerly-anticipated fixture which takes place just before the annual Offshore Technology Conference in Houston. Staged at the distinctive Friedkin Corporate Campus, Toyota Gulf States, for the second year in a row, the evening’s attendees were greeted by their hosts, company Chairman Richard Hunting and Chief Executive Officer, Dennis Proctor, together with the event chair, Philamena Baird. Reflecting both the creative and geographic diversity of the Prize, this year the competition attracted more than 1,600 entries from Texan artists, originating from not only the state’s metropolitan areas, but also some of its smaller communities such as Alpine, Valley View, Rosharon and Lorena. Artistic endeavour An important feature of the Hunting Art Prize is that the winning artist is determined solely by the quality of the work that they have produced for the award. In keeping with the competition’s tradition, every entry is judged anonymously, ensuring that the judges’ decisions are made 20 solely on the individual quality of the art and remain uninfluenced by an artist’s background. Each artist is required to provide a digital file of the work they wish to submit which is initially assessed by a panel of judges. Once all the entries had been reviewed, in early February 113 finalists were put forward to enter the next, and most critical, phase of the three-tiered jury process. Those selected were then asked to present their original artwork for the second jury panel to consider when it reconvened to make its final decision on April 30. A spectre to behold With a sense of suspense in the air, the assembled audience waited to learn the winner of the prestigious prize. The tension was almost unbearable as Dennis Proctor gradually revealed details of the artist’s background before the actual announcement was made and a visibly startled Leigh Anne Lester stepped forward into the limelight to accept the award for her work, Mutant Spectre. A graphite drawing, produced with delicate intricacy on drafting film, the idea for Mutant Spectre stemmed from Lester’s interest in genetic modification. The picture itself was carefully composed using elements of different plants to form a unique hybrid species, symbolising the artist’s speculation about the possible implications of genetic modification. drawing board From left, compere Lisa Malosky, Richard Orr from OHH, Richard Hunting and Philamena Baird The captivating creation took more than seven months to complete. Driven by an interest in the idea of knowledge, Lester’s work reflects the fact that, throughout history popular opinion has always held that it has complete and all-encompassing knowledge, but as time goes on we realise how uninformed we actually are. While some aspects of the work are taken from recent pictures, Mutant Spectre also includes botanical drawings from the 16th century, which Lester hopes, ‘reflects on the fact that at particular times we believe that we have a full grasp of knowledge about nature - but new technology shows us how little we really do know’. ‘The artist successfully represents the power and bounty of nature by presenting the viewer with a sense of both beauty and improbability,’ enthused Rachael Blackburn Cozad, Director & CEO of the Kemper Museum of Contemporary Art. Explaining the reasoning behind the judges’ decision Julien Robson, Curator of Contemporary Art, Pennsylvania Academy of the Fine Arts, alluded to Lester’s ‘great technical skill’ while Carol Damian, Director and Chief Curator, The Patricia and Phillip Frost Art Museum acknowledged how, ‘the mutant reflects what is happening today on the planet, while reinforcing the scientific traditions of the past’. A promising artist with work featured in a number of national and international collections, 21 Members of the 2011 jury Rachael Blackburn Cozad Director Kemper Museum of Contemporary Art Kansas City, Missouri Carol Damian Director Patricia and Phillip Frost Art Museum Florida International University, Miami Julien Robson Curator of Contemporary Art Pennsylvania Academy of Fine Arts Philadelphia The judging panel in action 44-year-old Lester traces her keen interest in art back to childhood. Enhanced by a degree in Fine Arts, Lester has intensively focused on her work for over a decade and during the last 17 years has managed the San Angel Folk Art gallery in San Antonio, which boasts the largest collection of folk art in the United States. She is also the co-founder, co-owner and co-curator of the cactus bra SPACE, an alternative exhibition for up-and-coming artists. Commercial appeal Open to all amateur and established artists over the age of 18, the $50,000 Hunting Art Prize is famed for the opportunities that it offers talented artists across Texas. Many applicants have gained significant visibility and recognition from the competition, which they might not have otherwise been exposed to, in addition to making key connections with galleries, collectors and patrons. Indeed, a considerable 20 per cent of the work featured was actually sold on the night of the award. Lane Hagood, whose work Books I Have Possessed stole the show at last year’s event, clearly demonstrates how the Hunting Art Prize can accelerate the achievements of emerging artists. Since the 2010 award ceremony, Hagood has enjoyed immediate success. With barely enough money to make the journey home from the evening, his work has since been 22 shown in Paris, London, Berlin and Bordeaux and he has gone on to feature in his first solo exhibition in Houston, as well as appearing in a group show in New Orleans. Leigh Anne Lester certainly looks set to achieve similar success as she joins Lane Hagood in the Hunting Art Prize Hall of Fame. Past winners of particular note include Robyn O’Neil, whose exhibition at the Des Moines Art Center was described by one critic as ‘the most striking solo museum show [of] 2010’ and Michael Tole who was publicly praised for his work in ArtForum International magazine. A helping hand The 2011 Hunting Art Prize also marks the second consecutive year that the company has supported the not-for-profit charity Oilfield Helping Hands (OHH). Established in 2003, OHH provides critical financial assistance for those within the oil and gas industry who, for reasons beyond their control, have fallen on hard times. Supported by the sales generated at the gala event, Hunting has announced that it will contribute $125,000 to the OHH charitable cause. The company’s donation in 2010 has played a vital part in the charity’s efforts to expand its services into Oklahoma and Louisiana. On a roll Hunting’s Variball™ rolling system for running Slickline and Wireline tools is fast becoming the preference for operators and major service companies around the world A surge in the need for specialist well intervention equipment to help in servicing highly angled and deviated wellbores is good news for the team that developed Variball. The increasing viability of tapping unconventional resources with new technology has meant that energy operators have increased their demand for a down hole roller system for use in these high angle plays. Variball has been successfully deployed at a run depth of close to 17,000ft and in one case side tracked nearly 10,000ft with an angle of 87.5 degrees. The rolling system minimises the friction on the tubing that can occur when running tools in deviated wells. Because the chassis is encapsulated in an elliptical roller system, the rollers are always in contact with the tubing so keeping friction to a minimum while running the intervention tools into the wellbore. The rollers themselves are interchangeable within a ¾in range - allowing various configurations, and so reducing the required tool inventory as the one size chassis can cover different completion sizes. Each roller is independent from one another and rotates around a common axle. The axle itself rotates in the chassis allowing a further twist to reduce friction in the tube; this means that if a roller were to seize up during running, it is designed to compensate for that automatically with its secondary means of rotation. The elliptical shape of the rollers means that their contact point with the wellbore is constantly changing so minimising the wear on the system. To date no roller has been changed or removed as a result of wear on the running surface. The Variball is now in use globally and frequently specified as the preferred system. Applications include a major operator in the North Sea, which has been using it on water injection wells where they use a plastic lined tubular. Using a camera in real time to inspect the lining during competitive trials, Variball was the only system to inflict no apparent damage. A major Middle Eastern operator has now specified the system in all its contracts with Slickline service companies. But Variball’s development has not stopped there. An E-line version is now available with connections to suit most E-line tools. These have been used recently in a perforating campaign with multiple runs accumulating 260,000ft without incident. The system has also been engineered to incorporate jar action technology with a suite of Varijar products when there is need to manipulate, set and retrieve down hole flow control devices. Proprietary designs have also been used and proved in the field to perform wire recovery operations. Further advances are being made in capillary tubing for coiled tubing and open hole operations with prototypes currently being trialled in a live environment. Results are eagerly anticipated by both customer community and the Hunting Well Intervention team alike. 23 Our Hunting Community Appointments and Promotions With strong progress in all markets, the company is pleased to announce the following Hunting North America Andrea Romero has joined Hunting as Corporate Metallurgical and Quality Engineer. Based in the Hunting Northpoint office in Houston, Andrea’s responsibilities will include specifying and selecting the best standardised materials for Hunting products and auditing metallurgical product quality from the steel mills that Hunting uses, while supporting all quality initiatives. Hunting Europe Kirsten Tollerton has been appointed as the new Regional Internal Audit Manager at Hunting Energy Services in Aberdeen. Kirsten has responsibility for the UK, Europe and the Middle East and shares responsibility for the Asia Pacific region. Before joining the company, Kirsten spent eight years working with PricewaterhouseCoopers, where her primary clients included Petro Canada and Coates Offshore. Hunting Asia Babu Raghavendren is the newly appointed General Manager, Quality Assurance in Asia. Based at Hunting’s Singapore office, Babu will oversee the direction of all quality programmes throughout the region. Joining the company with more than 20 years of OCTG quality and operations experience, Babu has worked in Indonesia and Singapore since 1990. Hunting Manufacturing USA John Fox has been promoted to the role of Operations Manager at Hunting’s Sam Houston Parkway facility in Houston, Texas. With 20 years of industry experience, John has previously held positions in quality assurance, engineering and operations management during his eight years with the company. John Acosta has been promoted to the position of Operations Manager at Hunting’s Thruway Park facility in Lafayette, Louisiana. John has worked for the company for 11 years, during which he has held roles in inventory, process control and sales. T J Dunn is the new Operations Manager at Hunting’s Ramsey Road facility in Crosby, Texas. T J has worked for the company since 2000 and has held positions in process and finishing, machining and programming. James Caldwell has joined Hunting as the Operations Manager at the Rankin Road facility. Prior to his current role, James had already worked in the oilpatch for eight years gaining experience across quality assurance, lean systems management, supply chain and manufacturing. John Phillips is the newly appointed Group Inside Sales Manager for US Manufacturing. John has worked for the company since 1996 and he was previously in charge of the US Manufacturing Corpus Christi location. He will be replacing Ritchie Lebouef, who has assumed a position in Commercial Outside Sales. Max Fabre has relocated from Hunting’s Houma facility to join the Outside Sales team in Houston. Max will focus on Slickline and Wireline equipment sales, in addition to associated products and services. Hunting Pensions Peter Gee has been appointed a Director of Hunting Pension Trust Ltd. Peter joined Hunting on 18 November 1991 and became Group Pensions Manager on 1 October 2009. Gibson Shipbrokers A formidable dry cargo broker with 14 years experience at Gibson, Nick Ward is the latest to join the company’s Board as a Director. Nick’s special area of expertise is the Cape Size Dry Bulk sector and he has enjoyed considerable success with his work in this market. Richard Hunting was honoured with the award of ‘Commander of the British Empire’ (CBE) at Buckingham Palace in recognition of his services to the Arts and Heritage. Pictured with his wife Penny, shortly after the ceremony, he was hot off the slopes from competing in a Super Slalom race for Veterans in the French Alps organised by the London Livery Companies 24 Health and safety recognition Hunting Energy Services (UK) has been awarded the highly prestigious International Safety Award from the British Safety Council (BSC) for the tenth successive year. For over half a century the BRC has been conducting assessments in the field of health and safety and is now globally recognised as one of Europe’s leading independent safety organisations. The International Safety Award scheme was established to reward companies which demonstrate a global commitment towards improving standards in health, safety and environmental operations, across all levels of organisation. This year saw more than 600 organisations from around the world apply for the award. After meeting the initial application criteria, which stipulates that companies must achieve accident rates better than the industry average in order to qualify, Hunting underwent a three day audit from an independent panel before achieving the International Safety status. A two-time winner of the esteemed BSC Sword of Honour, Hunting is internationally acknowledged for putting safety at the heart of its operations. HTS History Celebrating 50 years in international development, the Hunting Technical Services History book traces the growth of the company, which was once part of the Hunting Group. From a single member of staff in 1953 to its growth and ultimate sale to Genus Plc in 1998, the history charts the ever changing focus of development thinking and describes how the company has adapted to changes and prospered where others have failed. To order your copy (£23.50 including p&p) please contact Peter Thompson at [email protected] Wuxi opens its doors Hunting’s newest manufacturing facility opened in Wuxi, in the Jiangsu region of China, just as the Review went to press. Measuring an impressive 323,000sq ft this is the largest dedicated plant ever commissioned by Hunting. The grand opening was attended by local dignitaries and senior Hunting executives. Built to handle a throughput design capacity of 120,000 metric tonnes of OCTG per annum, the site will serve the fastgrowing domestic and regional Asia Pacific market with a high quality premium product. Andalucia Open victory Much to the delight of his Hunting sponsors, Scottish golfer Paul Lawrie has won the Andalucia Open. Taking the title from Johan Edfors of Sweden, with a one-shot victory on the final hole, at the tournament in March, the prestigious golfer gained his sixth European Tour win. In recognition of Hunting’s support of the Paul Lawrie Foundation (PLF), the golfer proudly sports the company’s corporate logo, the Hunting Horn, on his collar. Launched in 2001, the PLF encourages participation and fair competition in a range of sports and provides opportunities for juniors of any age to compete in golf and improve their capabilities to the highest level. Global health and safety award Hunting Energy Services’s Rankin Road facility has become the first in the world to obtain the Occupational Health and Safety Standards (OHSAS) 18001 Certification under the American Petroleum Institute’s Registration Programme. The OHSAS specification enables an organisation to control its OH&S risks and improve its performance accordingly. 25 Our Hunting Community OCTG Japan bulletin It is now three months since the catastrophic Japanese earthquake and tsunami shook the world. During this time Hunting Energy Services has examined the long term effects of the disaster and is issuing regular bulletins to keep its customers advised. These reports can be accessed from the Badentoy, Aberdeen office. The company wishes all of its colleagues and friends in Japan a speedy recovery from the impact of the disaster. Hunting Drilling Tools award Hunting Art Prize 2011 This year’s $50,000 Hunting Art Prize has been awarded to Houston artist, Leigh Anne Lester for her remarkable work Mutant Spectre. Selected from a field of 113 finalists, the winning piece is a graphite drawing that combines different elements of plant life to create a hybrid species, a reflection on the far-reaching possibilities of genetic modification. The announcement was made in April at a gala evening held at Houston’s Friedkin Corporate Campus, Toyota Gulf States. Plans for the Hunting Art Prize 2012 are already underway. The competition is open to all amateur, budding and established Texan artists, aged 18 or over. Proceeds from the gala event, which raised $125,000 went to Oilfield Helping Hands (OHH) - a charity established to lend a hand to those in the energy industry who involuntarily find themselves faced with serious personal and economic challenges. Dennis Proctor is pictured handing the donation to Rich Orr, President of Oilfield Helping Hands, following one of the most successful Hunting Art Prize gala event’s yet. 26 Following its recent establishment, Hunting Equipment Management Services (HEMS) is pleased to announce that it has been awarded the Fearnley Procter and NS-1 Technical Review Committee award, under its Worldwide Accreditation Scheme. The Specification NS-1 Quality and Inspection Requirements for New and Refurbished Drilling and Well Completion Equipment is used by most of the major operators for reducing costs associated with equipment failure. Technical Manager Doug Stuart also received Fearnley Procter Group’s Procedural Design Approval for HEMS’ wear band application and procedure. Irene Holden, HEMS General Manager and Doug Stuart were presented with the plaque for achieving NS1 certification by Fearnley Procter Regional Operations Manager, Gordon Cook. Rankin Road’s jambalaya event Each Hunting facility has its own character, customs and regional traditions. In keeping with this, each organises seasonal employee lunches, whether a crawfish boil in Louisiana or, in this case, a spicy jambalaya at Rankin Road in Houston. As pictured, the Rankin Road management team tempted the staff - some of whom went to town dressing for the occasion - with a themed menu, which included the local delicacy fried catfish and white beans in addition to a sizzling chicken and sausage jambalaya. Core Principles of the Hunting PLC Code of Conduct Every employee and business partner has a critical part to play in ensuring the Code of Conduct becomes part of the fabric of our organisation. Doing business the right way is not about compliance, it is part of our culture. • We aspire to deliver growth and strong performance in all our operations. We invest in opportunities that fit with the ethos of the Group, always subject to rigorous financial and commercial review. • We behave with integrity. Hunting PLC promotes a culture of honesty, transparency and fairness. We will not partake in unethical practices such as bribery and expect the same of our business partners. Annual Shipbrokers’ Party An estimated 800 guests attended the annual Gibson cocktail party, which was held at London’s historic Middle Temple Hall. The event was also an opportunity to recognise the achievements of Ray Tough as he retired following an illustrious 29 year career with Gibson. Credited with establishing the company’s successful and highly respected Offshore section, Ray hands over the reins to a capable team. Ray moved into broking from chartering at Hunting Surveys, totting up more than 40 years of continuous employment within the Hunting fold. Ray Tough • We are objective and trustworthy. Our employees act without bias and conflicts of interest. We do not act in an anticompetitive fashion and are respectful of confidential information when entrusted to us. • We develop responsible business relationships to drive our strategy. A customer focused approach is core to the Group’s strategy. We are committed to developing mutually beneficial relationships with our business partners and communicating our core business principles. • We drive growth in a responsible manner. Employees are encouraged to seek opportunities to develop their distinct business units, but never at the expense of the highest ethical standards. We have a culture of continuous improvement, focused on safety, quality and value. • We respect our colleagues. Our employees have the right to work in a safe, secure environment, with proper training, equality and regard of their colleagues. • We respect the laws and principles of the jurisdictions in which we operate. Hunting PLC recognises its obligations as a leading Public Company and expects its employees to observe the laws, rules and regulations in all operational jurisdictions. • We behave in a socially and environmentally responsible manner. We strive to apply the highest standards in health, safety and the environment as well as being sensitive to local cultures and the communities in which we operate. Richard Hunting Chairman Dennis Proctor Chief Executive If you become aware of any breaches of the Code of Conduct, please raise any concerns with the nominated PLC contacts. These details are contained in the Code of Conduct document, which can be downloaded from www.huntingplc.com 27 Hunting PLC 3 Cockspur Street, London SW1Y 5BQ, UK Tel +44 (0) 20 7321 0123 www.huntingplc.com Hunting PLC (USA) 24 Waterway Avenue, Suite 700, The Woodlands, Houston, Texas 77380, USA Tel +1 713 595 2950 Hunting Energy (North America) 2 Northpoint Drive, Suite 400, Houston Texas 77060-3236, USA Tel +1 281 442 7382 Hunting Energy (Europe) Badentoy Avenue, Badentoy Park, Porthlethen Aberdeen AB12 4YB, UK Tel +44 (0) 1224 787000 Hunting Energy (Middle East) 1505, LOB 19 Jebel Ali Free Zone PO Box 261929 Dubai, UAE Tel +971 4 8865 799 Hunting Energy (Asia) 34 Benoi Road, Singapore 629901, Singapore Tel +65 (0) 686 16176 Gibson Shipbrokers PO Box 278, 16 Ely Place, London EC1P 1HP, UK Tel +44 (0) 20 7667 1000