Year Inducted: 2011
John C. Wallace
John’s innovative skills have benefited the offshore energy industry in the form of a forty-year career in bank financing, contracting risk assessment,
and the sale and purchase of corporate and marine assets. His offshore career began in 1968, with the conversion of a whaling ship into an offshore drilling vessel chartered to Amoco in Norway. Later, John was a key team member responsible for the development of an 18-berth supply base in the Shetlands used by the major oil companies. He co-developed the use of small open hatch bulk carriers transportating pipeline from fabricator to supply base.
John was the responsible director for the formation of AOC International in Aberdeen for the hook-up of the Shell Brent D platform and subsequent
hook-up, modification and maintenance of platforms in the North Sea and the Northwest Shelf of Australia.
In 1989, the British government privatized the Harland and Wolff shipyard in Belfast, Northern Ireland. John negotiated the privatization for the majority interests and was involved in directing the company to specialize in offshore construction and modifications of FPSO’s and drilling rigs.