Global energy services company LR Senergy and emerging new business EnergyOne AS have formed a strategic alliance to support business development in Norway and internationally.
LR Senergy’s Norway business, Senergy AS, has been acquired through a management buy-out and will now trade under the company name of EnergyOne AS.
Working in collaboration, the two organisations can offer significant subsurface resources through the local presence EnergyOne provides coupled with the global, extensive competencies of LR Senergy, which also includes enhanced services in project management, well engineering and development solutions, as well as an associated suite of software solutions.
James McCallum, chief executive officer at LR Senergy, said: “While Norway remains a key region for LR Senergy, the evolving international marketplace and current economic conditions mean that we must adapt to meet our clients’ changing needs on a global scale. Therefore, through supporting each other, this innovative agreement with EnergyOne will help LR Senergy maintain its established presence in Norway and strengthen our position for capitalising on new business opportunities.