06 March 2019

MorphPackers seeks new CEO while setting its sights on significant business growth

As MorphPackers enters an exciting phase in our company’s development, we are looking for a dynamic, experienced and passionate chief executive officer to lead the business.

Based in North America, our new CEO will lead an active international expansion programme which will continue to see us placing a major focus on the US onshore shale market.

Headquartered in Aberdeen, MorphPackers is a leading provider of revolutionary and highly innovative expandable steel packers for the oil and gas industry, and is building its business around four core values: teamwork; respect; integrity; and innovation.

Specialising in refracturing and production packers, the company was spun out of META Downhole (previously a READ Well Services AS Group company) in 2016, and is backed by private equity firm, EV Private Equity.

According to our chairman and acting CEO, Steve Nicol, the role offers an exciting opportunity for someone to join a high-growth potential business and really drive it forward.

He said: “Our ideal candidate with have extensive experience of business development, particularly in the North American fracking market.

“They will need to have natural sales qualities, and ideally a good network of operational decision makers in the US onshore sales business.

“They will also need to have a solid, technical understanding of shale well completions and fracturing, while obviously demonstrating strong leadership skills.

“Previous experience in an international company demonstrating an appreciation of the commercial and cultural dynamics in different regions is also essential.

“Experience in leading a private equity-backed company is a plus.”

Reporting to the MorphPackers board of directors, the new CEO will be expected to lead the business through a period of rapid growth, guiding the company through start-up and commercialisation.

MorphPackers has a distribution agreement in place with Nine Energy under the terms of which Nine Energy is the exclusive provider of MorphPackers’ STORM™ and CENTURION™ completion product lines for the refracturing market in the United States and Canada.

Mr Nicol continued: “Our partnership with Nine Energy gives us immediate access to its extensive US and Canadian network, which in turn helps us to bring our technology quickly to market.

“Moreover, our innovative, leading-edge technology, along with our high-quality service, provides our customers with a cost-effective re-frac solution that provides 100% of the original production for approximately 60% of the cost.

“The addressable re-frac market we are targeting is huge at approx. $250 bn USD. We will be targeting approx. 3-4% of this market with our solution. It’s a very competitive landscape, however we have a fantastic opportunity for someone to come join us, and lead a motivated, talented and highly skilled team.”

For more information about the CEO role, please contact John Cameron or Mary McIntyre at FWB Park Brown by emailing john@fwbparkbrown.com or mary@fwbparkbrown.com