Red Spider makes key appointment
Dubai, July 8, 2010
Red Spider Technology, the remote open close technology specialists serving the international oil & gas industry, has appointed John O’Hara as sales manager for North America, as part of a continuing global growth strategy.
John O’Hara joins the company with 12 years experience in business development within the deepwater oil and gas industry, particularly in downhole intelligent completion products.
Based at Houston, Texas, he will focus on promoting Red Spider’s game-changing patented remote open close well intervention and completion technologies to operators in the region.
He joins North and South Americas sales manager Gary Smith to focus on growth in the region.
Steve Nicol, CEO, said: “I’m delighted to welcome John to Red Spider. We have ambitious expansion plans and North and South America are key locations for our international growth strategy. John will have primary responsibility for developing our business in the US, with a particular focus on our range of remote open close technology products.
"Through increasing our presence in oil and gas locations around the world we are even more available to our clients and can further develop existing and new relationships in these important regions. We have a reputation for smart, inventive products with excellent, flexible customer service and John’s appointment will reinforce this,” he noted.
O’Hara said: “Red Spider is totally customer-focused and technology-driven, with a passion for developing clever products and I am very excited to be joining the company. I believe there are fantastic opportunities out there for us and I am looking forward very much to capitalizing on these and introducing Red Spider’s field-proven technology tools to the North American offshore market.”
Red Spider employs 50 people at its custom-built headquarters in Westhill, Aberdeen, UK, and worldwide.
The company recently received £7.5million ($11.3million) growth equity to accelerate internationalization of the business and complete the commercialization and roll out of remote open close well intervention and completion technologies.
Red Spider’s remote open close technology helps reduce risk and cost offshore by eliminating the need for well intervention or control lines – thereby enabling rig time savings.
eRED, Red Spider’s first tool to use its patented remote open close technology for pressure testing applications, has been used in 12 fields.
The technology is on its way to becoming the industry standard solution for various downhole applications and the company is introducing additional products later this year.-TradeArabia News Service