ABL Group has entered into an agreement to acquire 100 percent of the shares of specialist energy consultancy Ross Offshore from Moreld Group.

“We welcome the Ross Offshore team to ABL Group and look forward to the amalgamation of the business within our AGR brand. This is the latest expansion of our technical offering in wells and reservoir operations, bringing together an even deeper pool of expertise, that enables us to support more clients worldwide across their oil operations. Moreover, Ross Offshore’s competency in marine operations consulting further enhances the Group’s market position as consultant of choice to support energy and marine operations” says Reuben Segal, CEO of ABL Group.

Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR, expanding and further strengthening the group’s service offering in wells, reservoir operations and other consultancy services.

“As oil and gas companies have continued to grow over the years, we too need to expand our capacity and competence to ensure that we can provide the best possible support to our clients through the challenges they face. AGR first joined forces with First Geo, then Add Energy, and now Ross Offshore, showing our commitment to growing with our customers to drive safety and efficiency in their oil and gas operations in both current and new markets worldwide,” says Svein Sollund, CEO of AGR.

Strategic Rationale

• A combination of like-minded companies with overlapping cultures and values and highly complementary service portfolios.
• Consolidates recognised expertise of AGR and Ross Offshore in wells and reservoir consulting and engineering, creating a stronger platform for future expansion.
• Creates opportunity for both AGR and Ross Offshore together to accelerate the globalisation of their service portfolio, leveraging the wider ABL Group’s global footprint and expansive client network.
• Chance to enhance both AGR and Ross Offshore’s growing resource consultancy businesses, bringing value to the oil and gas industry, and accelerating ongoing expansion to support renewable energy sectors.
• Enhances ABL Group’s growing service offering to support energy and marine operations, with Ross Offshore’s service portfolio in marine operations consulting.

“As part of ABL Group, Ross Offshore will have the opportunity to expand both its core technical competency in wells and reservoirs, its growing offering in marine operations consulting, and its vision to grow in CCS and geothermal technologies. This merger also creates an even stronger platform off which both Ross Offshore and AGR together can globalise their expertise and expand beyond their established markets,” continues Segal, CEO of ABL Group.