Aberdeen-based Task Geoscience has formed a new company with a US partner after a £3.8million investment from the British Growth Fund.
The north-east firm has teamed up with Houston-based Fronterra Integrated Geosciences to form a global consultancy with a focus on oil and gas.
The Task-Fronterra Group will be run by the founder and chief executive of Task, Lawrence Bourke. It will specialise in the use of borehole imaging core integration, giving operators a better understanding of oil and gas reservoirs.
“Task has driven innovation in borehole image analysis and in software tools for interpretation, while Fronterra is the leading presence in analysing shale gas well bores,” said Mr Bourke.
“The combined business will offer more opportunities for our people as well as providing a broader service to our clients.”