A seasoned finance executive, Mr Paver is a chartered accountant with over 25 years’ experience in North Sea oil and gas including roles with Halliburton, Petroleum Engineering Services and most recently as senior vice president, finance for KCA Deutag.

Commenting on his appointment, Gary Paver said: “I am proud to be joining a company that is leading the way in its field. ASCO has an exceptional reputation and I believe is in a fantastic position to maximise this within existing and new markets.

“I have gained considerable experience during my career, driving business strategy and direction, and I am very much looking forward to working with the management team and making a positive contribution to ASCO’s strategic objectives, as they continually strengthen their leading position within the energy market.”

Peter France, ASCO CEO, added: “Gary is an extremely accomplished individual with a proven track record with private equity experience. I have no doubt he will play a pivotal role as part of the leadership team as we seek to grow and strengthen the business.”