Succession plan for Oil & Gas Tech company
Our Client
Successful UK based Oil & Gas technology business with a core market in the North Sea. An ageing senior management team and shareholder group retained all company knowledge but had no strategy or succession plan to address inevitable future change. There was a significant gap in age profile and competence in the company as well as increased business risk and diminished longer term sustainability.
Our Approach
- Facilitated shareholder and management workshops to understand current business and practices
- Utilised SWOT analysis to provide input to business strategy development
- Created a project managed structure to plan for the future, including: succession planning, communication, recruitment and share restructuring
The Outcome
- Defined company purpose, vision, values and strategies for use in internal and external communication
- Installed business sustainability and management continuity
- Introduced management systems to address planned and unplanned change
- Introduced staff development channels and succession opportunities
- Provided a business strategy to be used as a structure for future projects and strategic growth areas
- Improved efficiencies in internal processes
- Added value to the business
- Increased future options available for the business (e.g. potential disposal)
Related services
Related Case studies
Business acquisition enables oil service company to expand
Compliance cost saving for international company after restructure
Corporate tax appeal for labour supplier in Norway
Oil & Gas company seek support in dispute resolution
Family exit ownership of UK based Oil & Gas service company
E&P company seek support evaluating acquisition opportunities
National oil company upgrade systems generating savings
Cost savings for UK energy company on tax compliance
E&P operator refreshed procedures for tax compliance
Company readmits shares to London Stock Exchange
Annual assurance audit outsourced for energy company
Sign up to updates
Blog24th Jun 2020
Upstream E&P – Navigating complex landscapes in the energy sector
The Energy sector today is an incredibly complex landscape for executives and their leadership teams to navigate. It is increasingly challenging for them to know which way to go or where to turn. Crude market volatility and low prices continue as a result of the double impact of drop in demand…
View moreBlog10th Apr 2020
Modelling Risks & Opportunities in Upstream Oil & Gas
The double whammy of the COVID-19 pandemic and the effects of the Opec+ price war is presenting what is rapidly becoming the upstream oil and gas sector’s biggest challenge to date. The combination of a dramatic drop in global consumption due to movement restrictions and lockdowns, with a market currently being flooded by Saudi Arabia and Russia with…
View moreBlog5th Feb 2019
Our natural resources are our greatest assets
I am proud to live and work in Aberdeen and North East of Scotland, a city and region built on its surrounding natural resources and all the support sectors that come with them. Our heritage is built on our natural…
View more
