A north-east reservoir engineering company has launched an advisory service for international investors interested in US onshore oil and gas assets.
Oilgen, which specialises in hi-tech reservoir studies to forecast and improve oil and gas production, has invested a five-figure sum to establish Oilgen USA.
The Aberdeen firm recently doubled its team in Aberdeen to four employees.
Oilgen, which is also currently working on projects in the North Sea, France, Egypt, West Africa and Holland, said the US advisory business aims to identify deals and evaluate reserves before compiling confidential reports and acting as deal facilitators.
Laurent Schirrer, Managing Director of Oilgen, said: “An unconventional boom has created conventional opportunities in oil and gas in the United States. Buyers with limited evaluation resources can get confused in the deal selection process, and the Oilgen advisory service pre-selects deals customised to each client investment profile.
“This is a unique service, since most advisory companies work on the seller’s side.
“From a corporate strategy point of view, the Oilgen Advisory service allows us to diversify our activities, while benefiting from the same resources and skillset as our original core activity.”
Mr Schirrer founded Oilgen in 2011.
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