Calgary, Alberta-based energy service provider Trican Well Service Ltd. has named Dean E. Taylor to the company’s board of directors.
Taylor is the non-executive chairman of the board of directors of Tidewater Inc., a global provider of offshore service vessels to the energy industry. He has served as a director of Tidewater since 2001 and as chairman since 2003. In May 2012 he retired from his position as president and CEO of Tidewater, a position he had held since March 2002. Taylor first joined Tidewater in 1978.
Throughout his 34-year career with Tidewater he held a number of different positions including managing operations in a variety of international locations and culminating in his assumption of responsibility for all international operations as President in 2001 and CEO in 2002. Mr. Taylor also serves as a director for the American Bureau of Shipping, a position he has held since 2003. He also served, from 2002 through 2011, as a director for Whitney Holding Corp., the bank holding company for Whitney National Bank.
Headquartered in Calgary, Alberta, Trican has operations in Canada, the United States, Russia, Kazakhstan, Australia and North Africa. Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.
“Although we do not see TCW moving into the offshore market, Mr. Taylor's international experience will likely be valuable to the company. TCW has been in Russia and Kazakhstan for several years, but has started or acquired small operations in Algeria, Australia and Saudi Arabia. We expect these new markets will be slow to develop, but more international board experience should be valuable. We would not rule out a strategic move by TCW in a few years if growth opportunities in pressure pumping are limited, and Mr. Taylor's experience could be valuable in that case as well,” said Global Hunter Securities analysts following the announcement.