THREE60 Energy Consultancy and Strategy Director, William MacInnes, is preparing for a year of growth after a successful 2023.
THREE60 ENERGY has established itself as the partner of choice for many customers in the oil and gas industry, its asset lifecycle support offering combined with its engineering expertise uniquely places the company at the heart of the industry. Over the past decade the business has grown more than threefold through organic growth coupled with strategic acquisitions to add to its capability.
The company has given increased focus to the energy transition and has explored new technologies for decarbonisation, in recent years, THREE60 Energy has delivered a comprehensive set of solutions for a number of customers, enabling the progression of strategic carbon capture and storage development opportunities. This commitment to the energy transition was further cemented with the acquisition of BJRE Electrical in 2022 to create THREE60 Renewables, an independent team of high voltage grid connection specialists for onshore wind, who also specialise in turbine operations and maintenance.
Consultancy and Strategy Director, William MacInnes , is responsible for driving forward the company’s technical advisory offering, which includes integrated due diligence services, supporting customers looking to purchase or farm-in to an asset.
Speaking about the company’s consultancy business, William said:
“We pride ourselves on delivering bespoke support to customers, undertaking a thorough and independent due diligence process that delivers a holistic evaluation. Over the past year-and-a-half since the inception of our consultancy business, we have significantly added to our capability and capacity to deliver in-house technical advisory across the whole of the asset life cycle including acquisition, transition, operations management, late life operations and decommissioning”
“In 2023 alone, our consultancy team supported 5 buyers and 11 sellers, delivering due diligence on 9 FPSO’s, 80+ platforms, 350+ pipelines and 650+ wells, collectively responsible for the production of over half a million barrels of oil per day. These scopes were completed across seven countries by drawing on over 25 years of industry experience within our team.”
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“Our due diligence can begin with a quick red flag review and based on the outcome of this, we may be required to do a more detailed deep dive evaluation. The evaluation is tailored to meet the customers timeline and requirements; we leverage our global presence, experience and knowledge to create a comprehensive report. The multi-disciplinary approach ensures a holistic evaluation is achieved. We understand the key aspects of due diligence that are beneficial to the client, such as quantifying risks and seeking upsides.”
“By bringing in multiple disciplines to review the data available, we ensure that we cover all the angles to build an objective, clear and robust report for our customer. Building this bigger picture allows the customer to explore the opportunity and assess any potential risk. It is for this reason that we have established ourselves as a trusted partner to many major operators, globally.”
“Together with our full-service offering comprising of design, manufacture and delivery through to asset management and decommissioning, we understand the importance of having the right people in the right positions and are very focussed on recruiting employees based on experience with many of our team having hands-on operational experience with major operators and service providers. With every new recruit, investment or acquisition our service to our customer is at the forefront of our mind, we have ambitious plans to build on our impressive track record and we believe we can achieve those by growing our team. THREE60 Energy Group now have over 1000 employees who operate from more than 20 offices across five continents; it is this capability that allows us to offer a flexible and agile approach to customer requests, wherever in the world they are, at whichever stage of planning they are at.”?
“2024 will be another transformative year for THREE60 Energy, in 2023 we acquired Pryme Group and Flexlife, adding to our already vast product and service portfolio. The acquisition brings new expertise in subsea riser technology bridging the gap between our wells and operations businesses, we also have new expertise in the design, supply and maintenance of mechanical handling equipment from lifesaving davits to cranes and launch and recovery systems. As we complete the integration of these businesses, we continue seek opportunities to better support our customers and expand into new geographies – I am excited to face the challenges that this year brings for our growing team.”