Case Study 1: Strong Foundations on the UKCS Enabling Companies to Export Their Experties

PSN’s Worldwide Operations

PSN (Production Services Network) is a UK oil and gas supply chain success story. Built on 30 years of North Sea experience, PSN now employs over 8,500 people worldwide, supporting more than 3,500 UK jobs. It is an industry leader in developing local talent to ensure that the entire network is available to customers wherever they need it. Despite rapid global growth, PSN remains firmly anchored in the UK.

PSN was formed in May 2006 when CEO Bob Keiller and his management team completed an award-winning $280 million management-buyout from KBR Halliburton. It is now one of the top ten largest private Scottish companies, with revenues of more than $1.2 billion, an order book worth more than $2 billion, and work secured to 2013. Since the management buy-out, PSN has enjoyed a 39% growth in revenue.

International revenue now accounts for 46% of total PSN income, compared to 30% in 2002 – a more than 200% increase over that period.

To attract new personnel, PSN has devised and funded schemes such as its innovative Re-engineer Career Conversion Programme, in conjunction with the MoD, to retrain ex-armed forces personnel to join the oil and gas industry which has now been adopted by many other companies.

PSN has entered into an alliance with Aberdeen Skills and Enterprise Training (ASET) to develop new talent and tackle new markets, exporting UK expertise. ASET will equally access new global markets alongside PSN, while profits will be covenanted to Aberdeen College. Bespoke technical training solutions will be delivered to internationally recognised, industry-endorsed, quality standards.

PSN enhances the performance and extends the life of energy assets around the world, from engineering and construction, to operations, maintenance and decommissioning.

PSN’s customers range from international oil companies like Shell, BP, ConocoPhillips, Chevron, Occidental, PetroCanada and ExxonMobil, to independent operating companies like Apache, Nexen, CNR and Talisman, to national oil companies like Sonatrach, Korean National Oil Company and Dubai Petroleum.