The oil and gas industry is in urgent need of specialised service companies that provide a focused offering to help them meet the increasingly complex technical challenges of extracting the world’s remaining hydrocarbons.

Reservoir Group aims to build a global group of businesses with a technical edge that is focused on the provision of specialist services to the down-hole drilling, completion and production sectors.

The group, backed by the US private equity firm SCF Partners, will identify and acquire niche, independent, technically market-leading companies and offer them the opportunity to grow through the synergies existing within the group.