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Aquaterra Energy appoints new financial director

Nov 19, 2017
2 min read
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Aquaterra Energy, a leading global offshore engineering solutions provider, said it appointed Nick Hawkes as its new financial director as the company gears up for service expansion.

Based at the company’s headquarters in Norwich, Hawkes will be responsible for providing effective financial leadership and support to the business, the company said in a statement.

Hawkes has more than four years’ experience in the oil and gas industry and joins Aquaterra having spent nearly 20 years with Babcock International Group where he latterly held the position as financial director for 15 years.

Hawkes graduated from Bournemouth University in 1987 with a BA (Hons) Business Studies.

His appointment follows the announcement in July that Aquaterra Energy was the first company to secure a multi-million pound investment from EV Private Equity as part of its pledge in 2016 to invest $200 million in North Sea businesses with new technologies and high growth potential. The independent private equity firm confirmed it was seeking to invest between $10 million to $40 million in each company.

George Morrison, managing director of Aquaterra Energy, said: “Nick’s appointment marks an important development as the company shapes itself for future growth. His experience will bring important skills to our top management team.”

Hawkes added: “I joined the company because I saw a real opportunity to lead and support the growth of the business through the delivery of effective financial leadership and governance. I have 15 years of experience and skill to bring to what is a dynamic and expanding international company.”

Hawkes joins newly appointed Chairman, Alan Wilson, along with non-executive directors Mark Boyd (co-founder) and Gavin Prise (former CEO of Expro), all of whom took up their posts following the EV investment deal.

Aquaterra, which has operations in Aberdeen, Norwich and Cairo, provides riser analysis, riser systems, offshore structures, repeatable products and it’s integrated WellStart specialism to the global oil and gas industry.