Cubility appoints Chief Financial Officer
Cubility AS, a provider of solids control solutions that improve efficiencies and HSE around drilling operations, has announced the appointment of Kai Preben Sæveland as Chief Financial Officer.
Kai’s role will be to manage the financial performance of the company, taking responsibility for financial control, reporting and cash management and providing strategic financial direction as Cubility looks to grow sales of its core product, the MudCube®.
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“We are in great position for significant market growth over the next few years and we are delighted that Kai has joined the executive leadership team at Cubility,” said Cubility CEO, Even Gjesdal. “With a strong financial background and experience with some of the oil and gas industry’s leading technology providers, Kai has plenty to contribute to the strategic business development of the company.”
Kai Preben Sæveland added: “I look forward to working with the Cubility team on the development of the business. The technology is innovative, the value proposition of the product is strong and the MudCube also helps improve operational efficiencies and drive cost savings – two critical drivers in many parts of the world.
“With the team at Cubility having extensive experience and an excellent reputation in the market and supported by solid investors such as Triton Partners, I firmly believe that we have the financial strength and competence to manage the robust growth expected from the MudCube over the coming years.”
MudCube
The MudCube provides an alternative to traditional shale shakers with improved operational efficiencies, reduced solids management costs, better mud quality and significant HSE benefits. Since 2012, the MudCube has been deployed in drilling sites in the North Sea, Middle East, Far East, South America and the US Marcellus Shale Play.
Adapted from press release by Katie Woodward
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/18112014/cubility-appoints-new-cfo-1827/
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