DGL Archives - ESCO Consultants ASA

Reference is made to the stock exchange announcement dated 15 May 2024 regarding the planned acquisition of 100 percent of the shares of specialist energy consultancy Ross Offshore. ESCO Consultants has today successfully completed the transaction.

Ross Offshore will now merge with ESCO Consultants company DGL, thereby expanding and further strengthening the group’s service offering in wells, reservoirs, and marine & survey management.

“We are glad to welcome everyone in Ross Offshore to the ESCO Consultants family and we will be working in the coming months on bringing them under the DGL brand. As a result of becoming one team with DGL, the Ross Offshore and DGL united team has more than 500 knowledge heavy professionals working on behalf of the client base. Ross Offshore also brings new locations to our Group presence in Norway – Bergen and Sandefjord in addition to our offices in Stavanger, Oslo and Tromsø.”
Owain Segal, CEO of ESCO Consultants

The transaction to acquire 100 percent of the shares in Ross Offshore has been settled in cash, utilising ESCO Consultants’s existing cash holdings and undrawn credit facilities. The transaction values Ross Offshore at NOK 100 million (equivalent to USD 9.3 million at current FX rates) on a cash and debt free basis, based on locked box accounts as of 31 December 2023.

Discover Ross Offshore and learn more about their technical and engineering expertise in wells, subsurface, technical resourcing and marine operations:

Ross Offshore

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Perth

George Lenox — Mon, 03 Jun 2024 11:25:37 +0000

Level 8 Westralia Plaza
167 St Georges Terrace
Perth WA 6000
Australia

+61 (0) 8 9322 7943 Email Perth

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Lynden Duthie

George Lenox — Wed, 11 Oct 2023 09:35:55 +0000

Over 25 years in the Oil & Gas industry, having worked with Service Company and Operator prior to joining DGL Well Management in 2012.

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Erik Lorange

George Lenox — Wed, 11 Oct 2023 08:11:59 +0000

Mr Lorange is a very experienced manager and exploration geologist with experience in the management of consultancy business, marketing, asset evaluations and integrated petroleum geological studies.
He has experience from North-West Europe, African countries, the Middle East and Mexico.

He has extensive experience with asset evaluation projects where his deep knowledge of prospects and fields on the Norwegian continental shelf, as well as his international experience, has been utilised together with commercial understanding.

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Andy Perchard

George Lenox — Wed, 11 Oct 2023 08:09:14 +0000

Andy Perchard is a results-driven business executive with over 20 years of experience across various industries, including oil and gas, fund management, and audit. He has demonstrated his financial acumen and commercial expertise in various commercial roles and gained valuable experience in financial analysis, risk management, and strategic planning.

In his 15 + years in the oil and gas industry, Andy has worked across various functions, including business development, commercial, and executive leadership roles. He has been instrumental in delivering profitable growth for the organisations he has worked for through a combination of effective market analysis, strategic planning, and excellent stakeholder management.

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