Xodus Group launches operation in Middle East
- United Arab Emirates: Sunday, October 14 - 2012 at 10:42
- PRESS RELEASE
International energy consultancy Xodus Group has invested £2m in launching a Middle East operation in Dubai as part of its global expansion strategy.
CEO and CFO of Xodus, Colin Manson and Emma Merchant, have relocated to Dubai to help drive business in the region and support the company's aim to make the Middle East operational base one of the largest in the company.
Colin Manson said, "Xodus' vision of having hub offices in all four regions across the world has come to fruition with the opening of our Dubai office. With the level of activity in the Middle East married with the exponentially growing East African market, we envisage to have more than 50 people by the end of 2012 and reach 100 people within the first year with an eye on expansion into Abu Dhabi and Oman. The Dubai base will be focused on servicing contracts across the gulf including Kurdistan and Iraq and our integrated field development expertise ideally places Xodus to support unique project challenges."
Xodus is currently delivering a number of Total Field Development and Integrated projects in the Middle East including a significant contract showcasing its integrated capabilities for Gulf Keystone Petroleum in Iraqi Kurdistan.
The field development project involves studies to address the key choices in the development of the Shaikan field. It not only includes facility related choices but also wells and subsurface development work. Shaikan is a major discovery with independently audited gross oil in place with resources of between eight and 13.4 billion barrels.
Aberdeen-headquartered Xodus Group launched in 2005 has grown to more than 450 people and a turnover of £38.5m offering integrated services covering both oil and gas and low carbon.
Xodus has invested significantly in expansion recently with offices in Houston, Nigeria, Perth, The Hague, Norway and in the UK. The board is actively seeking out further global expansion and is aiming for organic growth to reach 1,000 people by 2015 and also has an active acquisition strategy.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.