Latest Reservoir Group News

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Monday, March 8, 2010
Reservoir Group Appoints Chairman
Global leading oilfield services company Reservoir Group today announces the appointment of Christopher Gaut as chairman of its Board of Directors. Reservoir Group, which is based in Aberdeen and Dubai, specialises in downhole drilling tools, completions and production sectors.

Monday, February 8, 2010
Reservoir Group Catapults Into Top 10 of Sunday Times Deloitte Buyout Track
Global leading oilfield services company Reservoir Group has been ranked in the top 10 of the Sunday Times 100 buyout track. The Group, which specialises in the downhole drilling, completion and production sectors, has leapt to number 8 from its ranking of 44th position in last year’s league table.

Monday, January 25, 2010
Reservoir Group announces the appointment of Malcolm Greener
Reservoir Group (RG) is pleased to announce the appointment of Malcolm Greener as Managing Director of its XDT division.

Wednesday, May 06, 2009
Reservoir Group Brings New Coring Capability to GOM
Rapidly-emerging downhole drilling products and services group, Reservoir Group, is bringing its coring capability to the Gulf of Mexico and is using OTC as the opportunity to announce the launch of its coring service activities.

Thursday, April 23, 2009
Reservoir Group Stars In UK Profitability League
The annual Sunday Times PricewaterhouseCoopers Profit Track 100 was published for the 10th year on April 19th 2009. This prestigious league table features the UK’s private companies with the fastest-growing profits measured over the last three years of available audited accounts.

Thursday, April 16, 2009
Reinforced Finance and M&A Team to lead Reservoir Group’s continued Expansion
Reservoir Group is on track to secure its intention of becoming a global market leader in integrated downhole products and services after technology driven sales doubled revenue to $90 million in the last 12 months.

Monday, November 10, 2008
Reservoir Group Creates New Data Management Division with Fifth Acquisition in Six Months
Reservoir Group has acquired a second London-based company in its fifth deal in six months. This latest acquisition will lead to the creation of a new data management division within the group.

Tuesday, September 02, 2008
Acquisition of Australian Firm Brings Reservoir Group’s Set of Companies to Five and Adds New Product Line
Reservoir Group has just completed its fifth acquisition. The group, which aims to become a global market leader in integrated downhole drilling products and services to the oil and gas industry, has snapped up an Australian business which designs and manufactures proprietary downhole drilling tools in a multi-million pound deal.

Monday, May 19, 2008
Reservoir Group Completes Fourth Acquisition
Completion of its fourth deal in less than a year is ensuring that Reservoir Group is on track to achieve its global ambitions.

New Group’s Global Ambitions Enhanced by Top place in UK Rankings

Reservoir Group, a newly formed UK business, head-quartered in Aberdeenshire, is set to become a global market leader in integrated downhole drilling products and services with projected turnover of £250 million in five years.

Wednesday, April 16, 2008
Reservoir Group Powers Ahead with Third Deal in Ten Months
Fast-rising UK business, Reservoir Group, has completed its third deal since forming from a management buy-out of an Aberdeenshire-based company last May.

Monday, April 07, 2008
Acquisition of US Firm Makes Reservoir Group A Global Market Leader
Reservoir Group, a newly formed UK business, has just completed its first acquisition which sets the group on its way to becoming a global market leader in integrated downhole drilling products and services to the oil and gas industry.

Reservoir Group full release news articles

Monday, March 8, 2010
Reservoir Group Appoints Chairman
Christopher Gaut - Chairman of the Reservoir Group Global leading oilfield services company Reservoir Group today announces the appointment of Christopher Gaut as chairman of its Board of Directors. Reservoir Group, which is based in Aberdeen and Dubai, specialises in downhole drilling tools, completions and production sectors.

Mr Gaut is managing director of SCF Partners which is the majority shareholder of Reservoir Group. Prior to joining SCF in 2009, he was president of drilling and evaluation at Halliburton, one of the world’s largest energy service companies. Mr Gaut also served as Halliburton’s executive vice president and chief financial officer from 2003 to 2007.

Pascal Bartette, CEO of Reservoir Group, said: “We are pleased to welcome Mr Gaut onto our Board. He brings extensive management and drilling experience and in his role as chairman, he will help Reservoir Group grow towards its objective of becoming a superior downhole service and product provider to the international oil and gas industry.”

Mr Gaut said: “Reservoir Group has successfully positioned itself as a global leader in its field through a carefully planned strategy. I look forward to being involved in further developing this strategy for the Group’s future prosperity.”

Pioneering technologies being developed across Reservoir Group have seen it rapidly emerge as a global leader in providing integrated solutions for the oil and gas industry’s downhole drilling, completion and production sectors.

The Group has successfully grown through acquiring niche, independent market-leading companies including Corpro, Kirk Petrophysics, Storecore, Dowdco, Extreme, InfoAsset and Omega Data Services.

Reservoir Group was recently ranked Number 8 in the Sunday Times 100 Deloitte buyout track, jumping from 44th position in last year’s league table. The Group was one of just six companies which triumphed on the league table of Britain’s fastest-growing private equity backed stars. Reservoir Group bought five businesses in Australia, America and the UK in 2008, effectively doubling the size of the Group.

Reservoir Group is a leading provider of well bore coring services and related technologies. The Group also provides information management services, drilling tools and well bore measurement products to the oil and gas industry.