Senergy, the diversified energy industry service provider, said yesterday it was aiming to build on growth to date which had resulted in annual turnover rising to £70million.
The Aberdeen-based company said its growth had been both organic and by strategic acquisition, and future plans included the development of the company in both its depth of integrated energy service provision and geographical spread.
It added that opportunities for mergers and acquisitions that were strategic to these aims may be considered.
In 2007, it acquired Banchory-based consultant Production Geoscience for an undisclosed sum and four other key buyouts – Floyd and Associates, Isis Energy, Leading Edge Advantage and Econnect – followed last year.
The company also announced the opening of a flagship office in Edinburgh as the base for its training division, Senergy Training, which principally delivers training at clients’ offices.
Senergy Training was set up last year to provide training courses for clients around the globe in technical areas of the energy industry ranging from core analysis and petrophysics to advanced drilling techniques, carbon capture and geomechanics.
Since then, a series of courses have been successfully delivered, and a comprehensive programme is planned for 2009, which Senergy believes will attract 200-plus international oil executives to Edinburgh.
Chief executive James McCallum said: “Our new training offering has been developed with the very specific aim of helping clients understand and resolve the technical challenges they face. Our courses are designed to be relevant, practical and enjoyable and can be delivered at any location in the UK or internationally.”
The new office has six full-time staff and in addition to being Senergy’s dedicated training facility, will also enable clients to access the group’s diverse service offering.
Senergy was established in 2005 from the merger of subsurface and field-development consultant Reservoir Management and well-construction and project-management firm Xcavo.
It provides integrated services encompassing geosciences, reservoir engineering, geohazard assessment, marine site surveys, rig positioning, well engineering and operations, project management and alternative energy solutions.
The group employs more than 400 people in offices in the UK, Norway, Middle East, Russia, south-east Asia and Australia. Its UK offices are in Aberdeen, Alford, Banchory, Guildford and London.
Mr McCallum will be speaking in Aberdeen at the first seminar of 2009 for Young Professionals in Oil and Gas on Thursday, March 12. He will address about 200 delegates at the event, organised by professional services firms Deloitte and McGrigors. The free seminar will take place at Aberdeen Art Gallery, starting with a drinks reception at 5.45pm with Mr McCallum’s presentation at 6.45pm.