Abbot Group

Abbot Group

About

Abbot Group Limited is a leading oil and gas services company based in Aberdeen, Scotland. The Group employs more than 8,000 people in over 20 countries across the world. [ [http://www.kcadeutag.com/images/media_centre/abbot_annual_reports/ABBOT%20REPORT%202007.pdf "Annual Report 2007" Abbot Group] Accessed 12th June, 2008.]

The group has two operating divisions, KCA DEUTAG and Bentec, which provide drilling and related well and facilities engineering services to the energy industry. It is a market leader in the North Sea and also operates in locations such as Russia, the Middle East, Caspian Region, North and West Africa, and Asia.

On 7th March 2008, Abbot Group was acquired by US private equity firm First Reserve Corporation.

Board of Directors

The Board of Directors is made up as follows:

:Alasdair Locke - Executive Chairman:Holger Temmen - Chief Executive Officer:Peter Milne - Chief Financial Officer:Maurice White - Chief Operating Officer:Alec Banyard - Company Secretary [ [http://www.abbotgroup.com/ "About Us - Board of Directors" Abbot Group] Accessed 12th June, 2008.]

Overview

According to Alasdair Locke:

::"During the last few years the Group has positioned itself in a number of strategic areas, and invested substantially, to become a major international offshore and onshore drilling contractor as well as a world leader in drilling design, construction and operation..." [ [http://www.abbotgroup.com/ "About Us - Company Overview" Abbot Group] Accessed 12th June, 2008.]

Values

The Group is committed to implementing policies, procedures and strategies that respect the core values of health and safety, environmental stewardship, valuing all people, and business ethics. [ [http://www.kcadeutag.com/images/media_centre/abbot_csr_reports/ABBOT%20CSR%202007.pdf "CSR Report 2007" Abbot Group] Accessed 12th June, 2008.]

References

External links

* [http://www.abbotgroup.com/ Official site]
* [http://uk.finance.yahoo.com/q/pr?s=ABG.L Yahoo profile]


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