Lloyd's Register Acquires WEST Engineering Services
Lloyd's Register, with Lloyd's Register Energy - Drilling and WEST Engineering Services, now offers the world's most comprehensive suite of offshore technical services
WEST Engineering Services, predominantly experts in subsea systems, will join the Lloyd's Register Group effective May 1 and will combine with the Lloyd's Register Energy - Drilling Group and other members to offer the world's most comprehensive suite of technical services to owners and operators of offshore drilling rigs. WEST's headquarters will soon co-locate with Lloyd's Register Energy - Drilling USA in Lloyd's Register's office in Houston's Energy Corridor.
Adding to a global portfolio
“The acquisition of WEST further expands the global portfolio of technical services we can offer to the drilling sector, building on the world-class support we already provide through our Energy team which includes the Lloyd's Register Energy - Drilling Group, ODS and the Scandpower Group," said John Wishart, Lloyd's Register's Energy Director. "We are now, without question, the industry’s leading independent provider of technical support for safe and environmentally responsible drilling operations as the world continues its search for new energy resources.”
Lloyd's Register Energy - Drilling and WEST: highly complementary
Lloyd's Register Energy - Drilling and WEST have both been providing services to the offshore industry for more than a quarter century. WEST has focused primarily on subsea assets and training, while Lloyd's Register Energy - Drilling is known for its expertise on the offshore drilling platform.
"This is a highly strategic acquisition as it combines companies that are known for innovation and leadership in the systems and well-control areas of offshore drilling," Huber said. "All the members of the Lloyd’s Register Group - new and old - have a shared ambition: to make the drilling industry safer and more reliable. The acquisition of WEST is another step in the execution of our strategy to add value to society and achieve sustainable growth by providing independent assurance and expert advice to those who operate the critical infrastructure on which we all rely."
“We at Lloyd's Register Energy - Drilling have always had great respect for our industry colleagues at WEST," said Duco de Haan, CEO of Lloyd's Register Energy - Drilling. "We are very excited to work with them on combining our expertise to create new and innovative services that will provide ground-breaking solutions for the ever-changing demands of the drilling industry."
Together, Lloyd's Register Energy - Drilling and WEST will employ more than 550 people in offices around the world, with more than 230 based in Houston.
About WEST Engineering Services
For over 25 years, WEST Engineering Services has provided consulting, training and services for drilling equipment on rigs of all types, from ultra-deepwater to land rigs. As the preeminent leader in the fields of well control and drilling equipment surveys, commissioning and assessments, WEST has helped offshore companies save time and money by improving the reliability, safety and environmental impacts of their drilling programs.
WEST also offers industry-leading technical risk assessments, 3rd-party safety certifications and drilling equipment training. Operators and drilling contractors of all sizes have contracted with WEST worldwide.
About Lloyd's Register Energy - Drilling
Lloyd's Register Energy - Drilling is the global leading expert of a wide range of innovative services aimed at “people, systems and equipment” to ensure operational integrity of drilling assets. For 25 years, Lloyd's Register Energy - Drilling has offered services in five primary areas:
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- rig inspections
- project management & commissioning
- asset integrity & maintenance management
- QHSE & risk management
Watch the news conference at OTC Houston
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