SeaOwl has acquired Thailand-based oil and gas services group Ogas Solutions in a bid to pursue its growth and contribute to the consolidation of the industry on a global level.
The acquisition will allow SeaOwl to increase its market share within the field of oil and gas technical assistance, as well as expand its expertise to new segments within the energy sector.
Furthermore, the company will be able to offer new services to customers and geographies.
Complementarity is a key aspect of the acquisition and will allow SeaOwl to cover the key growing geographic areas across the globe and also extend its activities to the industry’s core markets segments.
Ogas Solutions CEO Bernard Pailler said: “The operational centre of Ogas Solutions will remain in Asia and our team will maintain a close relationship with our clients, which has always been one of our strengths.
“Thanks to the merger with SeaOwl, our clients will benefit from an integrated offer, extended teams and in-depth expertise, as well as a unique geographic coverage in the industry.”
The newly formed group will operate on every oil and gas segment and continue developing its activity by offering integrated services to its clients.
SeaOwl president Arnoult Gauthier said: “This new acquisition allows SeaOwl to pursue its strategy of consolidation in the field of technical assistance to companies.
"With this acquisition, our revenue will exceed 100 million euros in 2016, making us now a global leader in our industry.”
Founded in 1999, Ogas Solutions serves the E&P sector for major operating companies in South-East Asia.
