PanTerra, Azuren and EOR Laboratory Services (ELS) have joined forces
Anca Vasiliu PanTerra Geoconsultants, Azuren and EOR Laboratory Services announce merger completion
PanTerra Geoconsultants B.V, Azuren B.V. and EOR Laboratory Services B.V. (ELS) announced a definitive merger agreement under which PanTerra acquired 100% of the shares and assets of Azuren and ELS as of 1st of January 2016. For the new combined company, the transaction represents a step forward to expanding its service portfolio into specialised EOR solutions.
This union strengthens our capability to provide an integrated suite of oil and gas subsurface services ranging from core and fluid analysis, geology, geothermal evaluations, petroleum engineering and (EOR) field development planning
said Mr. Greg van de Bilt, Managing Director of PanTerra. We believe that the synergy of this merger, the combined track record and expertise of the individual companies will result in a superior service offering and therefor increased value for our customers.
The new company will operate under PanTerra’s flag and will be headquartered in Leiderdorp, the Netherlands.
Following the completion of the transaction, Mr. Jan Nieuwerf has become Managing Partner and will act as PanTerra’s new Business Development Manager and EOR specialist.
Founded in 1988, PanTerra Geoconsultants B.V. has developed into a leading independent provider of integrated laboratory and consultancy services to the international Oil & Gas industry. The company serves the upstream oil and gas industry with a full range of geological and reservoir-engineering services ranging from seismic interpretation, petrophysics, static modeling, dynamic modeling, volumetrics and reserves assessment, to well-test analysis and production technology.
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