PetroStrat Limited, a global geoscience company with headquarters at Parc Caer Seion, Conwy, have acquired Viridien’s Geology group, formerly known as Robertson Research.
The acquisition transfers 69 experienced members of staff and laboratory facilities from Viridien to PetroStrat, which it said would offer lasting and long-term career prospects for those workers.
Viridien, known as CGG until a rebrand earlier this year, will divest this part of the business with a deal to be completed in February 2025.
Paul Cornick, co-founder and managing director at PetroStrat, commented: “The opportunity to blend the joint capabilities of two of the leading providers of geological services in the energy sector, creating a business of nearly 200 employees and with a truly global market reach is extremely exciting.
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“This deal significantly enhances our integrated services offering and will help us establish a stronger foothold within the ongoing energy transition.”
John Gregory, co-founder and business development director at PetroStrat, added: “Other benefits of this acquisition will include new offices in Abu Dhabi and Crawley.
“PetroStrat’s main markets of Northwest Europe, North America and Gulf of Mexico, Africa, Middle East and Asia will be further enhanced with additional significant contracts covering the Middle East and Africa.”
Peter Whiting, executive vice president for geoscience at Viridien, commented: “We are pleased to announce this agreement with PetroStrat, providing for their acquisition of Viridien’s Geology business.
“It fits well with our strategic direction, and PetroStrat, with their recognised strength worldwide in geological services, provide an excellent home for the people and the best platform for the further growth of the business.”
