An Aberdeen-based reservoir engineering company has invested a five-figure sum in a new acquisition advisory service for international investors.
Oilgen, which specialises in high-tech reservoir studies to forecast and improve oil and gas production, has launched Oilgen USA LLC, to help international investors acquire the best onshore oil and gas assets in America. Oilgen recently doubled its team of experts in Aberdeen to four employees.
They also have a number of external consultants specialising in project management, production technology, petroleum economics, geology and geophysics working on the American advisory team.
Using market-leading technology, Oilgen advisors will work to identify deals and evaluate reserves in America before compiling confidential reports on behalf of their clients, also acting as deal facilitators.
Since being set up 2011, Oilgen has since has completed a number of major geoscience and reservoir modelling projects for clients who include including Taqa, Maurel et Prom and Bridgeoil.
Oilgen, which is also currently working on projects in the North Sea, France, Egypt, West Africa and Holland, has an active USA network giving clients access to lawyers, accountants, banks, oilfield services, reserves auditors, partners and operators.
Laurent Schirrer, Managing Director, 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.
“We have access to over a thousand investment opportunities in America and Canada which range in price from thousands to several billion dollars. We aim at generating deals where value can get created through technology.”