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Rising demand for conceptual engineering services as M&A activity climbs


Published Sep 11, 2015
James Paton

ADIL has recorded a 100% increase in demand for its Accelerated Conceptual Engineering (ACE) services as acquisition, merger and divestment activity by UKCS operators ramps up in the lower oil price environment.

The Aberdeen and London-based organisation, which works with exploration and production companies around the world to progress projects to sanction and final delivery, has doubled the amount of early stage evaluation work year on year and delivered campaigns totalling in excess of £1.5million since the start of the year.

ADIL has always provided its ACE services to companies seeking to optimise the development of a new discovery but increasingly these services are being used by companies looking to acquire existing discoveries or farm-in to exploration prospects.

Tags: ADIL




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