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HitecVision Establishes Underwater Integrity Solutions

Underwater Integrity Solutions is a buy-and-build platform, focused on bundling asset-light service offerings. The company will primarily be exposed to the production phase, providing engineering, data management, inspection, maintenance and bespoke repair of subsea assets. The company will build its service and product offering through acquisitions on both sides of the Atlantic, establishing partnerships to fill strategic gaps, and subcontracting commodity services in order to provide a complete suite of services and solutions to end customers. The management team has considerable experience within the subsea and asset integrity space.

William Boyle (CEO)

Mr. Boyle has more than 30 years of experience in the oil and gas business. He has extensive experience in M&A, JVs and start-ups in the subsea industry. Most recently, he held the position of Senior Vice President of Subsea Technologies at Forum Energy Technologies. Prior to that, he was the Chief Operating Officer of Clough, a West Australian public company (at that time).

Mr. Boyle has held Board, Managing Director and other senior leadership positions throughout his career, having worked for companies like Subsea 7, Wood Group and Technip. Mr. Boyle has worked with HitecVision for the past couple of years with the aim of establishing the current platform.

Neill Kelly (CCO)

Mr. Kelly has 30 years of experience in the global offshore oil and gas industry and joins from Acteon. His experience includes twenty years with two of the world's largest subsea contractors – Subsea 7 and Technip, where he held a variety of senior commercial, strategy, business leadership and managerial positions. Prior experience includes ODS-Petrodata and BP. Mr. Kelly also has significant experience from subsea M&A, design and implementation of life-of-field and integrity management strategies.

Mark Webster (CFO)

Mr. Webster has 25 years of finance and governance experience in the subsea industry. He joins from Subsea 7 where he was Finance Director for the North & Central American business. He has held a number of management and board positions and has participated in Mexican and Chinese JV partnerships. Prior to this, Mr. Webster worked for Halliburton.

Guido Bressani (COO)

Mr. Bressani has 22 years of oil and gas experience, including 18 years in the subsea industry. Mr. Bressani joins from his position as CEO of SapuraKencana Australia. He has previously held commercial and general manager roles in Saipem and Clough. Mr. Bressani is a mechanical engineer by background.