Well-Safe Solutions announces new Board-level appointment
International energy transition specialists Well-Safe Solutions have announced the appointment of energy financial specialist Derek Leith to the Board as Non-Executive Director.
Derek Leith joins Well-Safe Solutions as Non-Executive Director
Derek, based in Aberdeen, UK, brings over 35 years of financial experience to Well-Safe Solutions, with nearly three decades in various executive and management roles at EY, including as Global Oil & Gas Tax Leader.
Speaking on his appointment, Derek said: “It has been fascinating to see Well-Safe Solutions’ progress over the past few years, particularly in the development of its sustainability policies and growth into the Asia-Pacific region.
“I’m really looking forward to working with the Board and wider team to continue Well-Safe Solutions’ growth and influence within the energy transition sector.”
Phil Milton, Chief Executive Officer at Well-Safe Solutions, said: “Derek’s experience is wide-ranging and attracting someone with his deep energy sector and energy transition experience is a credit to the company’s ambitions.”
“His experience in influencing and steering the Scottish Government’s Energy Strategy, Aberdeen City and Shire City Deal and the establishment of economic consultancy Opportunity North East will be invaluable as we navigate the complexities of the energy transition sector and continue our international growth trajectory.”
Derek was a senior reviewing partner for the UK Government’s North Sea Transition Deal in 2021. He is also a regular media commentator, conference speaker and industry tax participator on topics relating to the energy transition, enabling businesses to position themselves effectively in regards to these regulatory challenges.
In addition to being a Chartered Tax Advisor, Derek is a Fellow of the Chartered Association of Certified Accountants, and holds an MA in Politics and Philosophy from the University of Aberdeen.
This latest development follows a busy year of growth for Well-Safe Solutions in 2023, having most recently agreed a global master decommissioning services agreement with bp until at least September 2026.
About Well-Safe Solutions
Well-Safe Solutions offers everything you need to carry out offshore and onshore well decommissioning safely, cleanly and efficiently.
It is the industry’s first Tier 1 contractor exclusively focused on well decommissioning – from front-end engineering and design through to project execution and beyond.
Founded in 2017 and now with 430+ employees, the company operates internationally from its Aberdeen, UK headquarters and Perth, Western Australia base. It offers bespoke engineering packages, subsurface basis of design solutions and a campaign-based approach to well decommissioning, maximising economies of scale to unlock greater time and financial savings.
Three well plug and abandonment assets – the Well-Safe Guardian and Well-Safe Defender semi-submersible rigs and Well-Safe Protector jack-up rig – exclusively support cost-effective well decommissioning operations around the world.
Well-Safe Solutions collaborates closely with its clients to realise decommissioning obligations as part of the transition towards net zero carbon emissions.
