SOURCE: Reservoir Group

Reservoir Group

October 27, 2011 10:04 ET

Reservoir Group Acquisition Leads to Creation of Global Surface Logging Company

HOUSTON, TX--(Marketwire - Oct 27, 2011) - International oilfield services company Reservoir Group has announced the acquisition of GeoSearch Logging Inc, one of the largest geological and hydrocarbon well logging services companies in the United States.

Headquartered in Oklahoma, GeoSearch works with a number of major operators and independent oil and gas companies. With 12 locations across the U.S. and more than 75 active operating units, it has vast experience across the various U.S. basins providing geological consulting services, vertical and horizontal well logs, instrumentation, digital cuttings photography and CO2 monitoring.

The fifth acquisition by the Reservoir Group this year, all 232 personnel currently employed by GeoSearch remain in the business, which will join with Reservoir Group's existing surface logging services and unite under the Empirica brand.

Empirica will focus on surface logging, providing a number of specialist services and market-leading mudlogging and surface measurements designed to assist operators in the exploration and development of hydrocarbon reservoirs.

Encompassing existing Reservoir Group member organizations including The Mudlogging Company, which has more than 35 years' experience onshore U.S., Empirica has an international track record spanning China, Indonesia, Venezuela and offshore Africa.

With the addition of GeoSearch, Empirica will have more than 150 units and upwards of 450 personnel operating globally from its existing facility in Houston.

Reservoir Group chief executive officer Pascal Bartette commented: "The acquisition of GeoSearch brings tremendous strength to our surface logging services. Operating as Empirica, and combined with our existing surface logging expertise, our ambition is to be the provider of choice wherever our clients operate.

"We will achieve this by combining our years of experience with specialist services and innovative technologies, delivered by the very best people. With that, we welcome GeoSearch and its team to the Reservoir Group club."

Chief executive of GeoSearch, Joe Struckel, said: "GeoSearch has dedicated itself to the well logging and environmental testing needs of the oil exploration industry for more than 28 years, and this acquisition will enable the company's experienced operational geologists and personnel to provide its service offering across the world.

"The combination of Reservoir Group's international footprint, complemented by its excellent reputation, innovative technology and the backing of the wider Empirica network, will help drive forward the success and opportunities currently being enjoyed by GeoSearch's employees.

"This is an outcome that is full of potential for GeoSearch personnel, customers and stakeholders."

Notes to Editors:
Reservoir Group is an international oilfield services organization and recognized specialist in the fields of downhole drilling, completion and production and physical and digital data management. Its team of innovative thinkers challenge convention to find solutions to the increasingly complex technical demands of extracting the world's remaining hydrocarbons.

Backed by Houston-based oil and gas specialist private equity firm, SCF Partners, Reservoir Group's aim is to build a global portfolio of businesses designed to deliver specialist services around hydrocarbon reservoirs.

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    Heather McKee
    Fifth Ring Integrated Corporate Communications