The accolade Young Oil Executive of the Year has been awarded to Morten Walde, CEO of Beerenberg. He was presented with the prize at the industry event Young Professionals Conference by Monica Mæland, Norway’s Minister of Trade, Industry and Fisheries.
Walde is the first person to be awarded the prize Young Oil Executive of the Year. He won the title in stiff competition with a number of other young nominees.
“This is the first time an award has been given to honour young leaders in the oil industry, and it is a unique recognition of the work that Morten Walde has done for Beerenberg and for the ISS discipline in the oil industry,” says committee chairman Andreas Strand.
“Many congratulations to Morten Walde and Beerenberg Corp. It is great to see that the jury drawing attention to a company that spends significant resources on research and innovation. This way they prepare themselves for tomorrow’s marketplace,” says Monica Mæland.
The fact that the honour was awarded by a unison gathering of the leading networking and communication organisations the Norwegian Petroleum Society (NPF), the Bergen section of the Society of Petroleum Engineers (SPE) and the Offshore Media Group (OMG), just goes to show how prestigious the prize is.
“It is an honour to receive this award and to see that the work we have done at Beerenberg is being recognised by the industry. At Beerenberg we are working continually to challenge the way in which we do things so that the petroleum industry can remain sustainable in the future,” says CEO Morten Walde.
THE JURY'S REASONING
Under the management of Morten Walde, Beerenberg has gone from being an ISS specialist to an innovator in areas such as fire protection and subsea insulation. Beerenberg spends significant resources on research and development and continues to deliver innovation in the form of products and solutions. Beerenberg has adapted brilliantly to the new market conditions in an era that has seen major ups and downs such as the financial crisis, the high activity period from 2010 to 2013 and recent years’ dramatic fall in oil prices. On that basis the programme committee has decided to award this year’s prize to Morten Walde.