LONDON, June 28 -- Coflexip Stena Offshore Group AS CEO Pierre Marie Valentin has named a 14-member executive committee to launch an overhaul designed to strengthen the French contractor's position in the global deepwater market.
The restructuring, announced Wednesday by Valentin, would keep to the principle of maintaining a geographic proximity to operators using local entities and project teams backed by CSO's Paris headquarters, but recast the group around two main areas of responsibility: "operations" and "identity and processes."
CSO's Operations areas will be made up of four regional and two product line divisions operating within "a two-dimensional matrix." The regional divisions will be: Atlantic (Gulf of Mexico, and West Africa); North Sea, Canada, Caspian (UK, Norway, the Netherlands, Denmark, Canada, and Caspian); and Brazil, South America; and Asia Pacific, Middle East (Australia, India, South East Asia, Middle East).
These four divisions become responsible for all commercial and project execution tasks, interfacing directly with operators.
The two product line divisions will be subsea, umbilicals, risers and flowlines -- to be known as SURF, and floaters.
CSO said the two new product line divisions are based on "the two main work packages that our clients are tendering today for development of their deepwater fields," and will manage the technologies and engineering resources, and assets to be mobilized for the regions' products and services needs.
Valentin said, "Our management structure is now adapted to the group's new size and businesses, based on market proven organization principles and the rich experience of our entities."
