Home' Trinidad and Tobago Guardian : August 10th 2014 Contents SBG6 NEWS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt AUGUST 10 • 2014
Outside of its Aberdeen,
T&T is Fearnley Proc-
ter s flagship operation,
Fearnley said during a
July 21 interview at the
Hyatt in Port of Spain.
The "solution-based company focused on
reducing non-productive time" in the oil and
gas sector has 14 offices in 12 countries on
"Trinidad is our flagship," he said, adding
that this is not only because it was the first
outside of the North Sea (UK) but also because
of the way the company has been embraced
here. "As a company owner you want to know
that you re welcome because you re going to
invest your money, and we ve invested a lot
of money here over the years. It is a profitable
operation, obviously, because we re still here.
We ve had a couple of bad years, but we ve
stayed here committed."
He said there are only a few countries in
the world where the right balance between
life and work is struck and T&T is one of
them. "You get your work done here," he said.
Formed in 1998 in Aberdeen, servicing pri-
marily a North Sea clientele, Fearnley said that
after about four years in business, the company
wanted to branch out internationally. Britain s
BG Group brought the company here in 2002
as a service provider. "At the time they were
looking for a company that specialised in
reducing non-productive time," he said. So
the company set up an office, employed locals,
and sought "to bring something to the local
At the time, he said the company had no
competition except for one firm out of the
US, but it was very expensive because it was
bringing in expats from the US and rotating
Fearnley Procter now employs about 15 peo-
ple locally, and close to 200 globally. Fearnley
said the company has, however, been training
locals and now T&T nationals are the largest
minority working for Fearnley Procter, out-
numbering the locally-based group.
"They (T&T citizens) travel well," he said.
"And speak the right language," his wife,
Genevieve, interjected jokingly. Fearnley Procter
once held a recruitment seminar for University
T&T (UTT) students pursuing energy-related
degrees and took on about 15, she said. "The
education system here is very good. That s
one of the reasons we have been successful
here," he said.
When asked about which of the 14 nation-
alities make the best expats, he said, "I d have
to say T&T. Trinidadians adapt the best. We ve
had them in most of our locations. I doubt
there s a location where they haven t been."
Fearnley met his wife, Genevieve, a T&T
national, at Trotters in Port-of-Spain when
the company was still young. She is now in
charge of human resources at the company.
They live in Dubai, United Arab Emirates.
Drilling can cost
over US$750,000 per day
Explaining more about what the company
does, Fearnley said per day cost of drilling a
well could be upward of US$750,000 depend-
ing on type of well.
"When they re drilling the well, if they
have equipment failure, they tend to call
a company like us to do the investigation.
He said that is how the business started,
serving operators like Shell, BG, BP, BHP
Billion, and EOG Resources, "reducing their
costs when they drill a well."
However, inspection is just one part of
the business now. Fearnley Procter now
offers quality control and quality assurance
(QC & QA), engineering, training, and tech-
nical publications. Fearnley s background
is in inspection, and his partner Ray Procter
is a drilling engineer. Fearnley started off
at age 20 and now has 33 years experience
in the oil and gas business. Procter has 30
years experience. Together they run the
company with US$17 million 2014 projected
turnover, and aim to grow that by 25 per
cent next year, as they did last year.
In T&T, the company "goes into oil and
gas service companies and looks at the
integrity of their equipment," checking to
make sure they meet the specifications of
Fearnley Procter clients like BP or BG, prior
to being transported to the rig site.
Asked if he expects to get a lot of busi-
ness with the government-announced plans
for the 31-53 wells to be drilled locally over
the next eight years, he said it depends on
what the cost of the failure is.
If a client has a 30-day well plan and
it is going to cost US$750,000 per day,
every day not drilling costs money, he said,
and if a piece of equipment fails then
drilling must be stopped. In a worse case
scenario, the well could be side-tracked if
the equipment part is not immediately
He said he sees the next growth area for
the company in T&T to be in training
clients recruits how to handle equipment,
which in turn, will result in "reducing the
occurrence of equipment failure."
He said Fearnley Procter is "looking to
grow the training side of the business"
because T&T nationals are always very
keen to absorb training. He said plans for
distance learning programmes for service
companies are afoot.
ALEEM KHAN KEVIN FEARNLEY
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