EPI GROUP (“EPI”) ACQUIRES P.D.F. LIMITED (“PDF”) TO BROADEN ITS SCOPE FOR SUPPORTING CLIENTS’ EXPLORATION AND DEVELOPMENT PROGRAMMES.
9 December 2016, London – EPI announces the acquisition of P.D.F. Limited, a leading UK-based Oil & Gas geoscience consultancy, providing exploration and production/development advisory services, as well as acting as the Outsourced Exploration Department™ (OExD®) for a wide range of International clients.
PDF, whose head office is in Oxfordshire, UK and is managed by Dr. Mark Enfield, will bring a new level of geoscience capability to the EPI Group. This will provide PDF’s existing and new clients with a larger organisational footprint, which will support continued growth and the delivery of larger projects within a broader spectrum of advisory services. The Directors and staff of PDF are remaining within the expanded business, and have important roles to play in the new organisation.
The acquisition complements EPI’s core Operations business of supporting land and marine seismic surveys, data processing, environmental projects and wellsite operations, whilst introducing a new advisory arm to the organisation, providing a full suite of geoscience services. The provision of geoscience advisory is via traditional consultancy or the Outsourced Exploration Department™ model, where PDF is insourced to fulfil the role of the exploration department within the clients’ organisations. Services include: integrated field evaluations and production enhancement; detailed prospect level geoscience, developing assets to drill-ready stage and acting as Operator where required; basin and block level play evaluation and new ventures screening; data management; due diligence evaluations and corporate support, including running and maintaining operated assets and fund raising.
Edward Bowen, CEO of EPI adds: “We are delighted to announce this transformational acquisition that strengthens EPI’s technical ability, enabling us to offer a broader range of advisory services to our ever increasing client base. With a proven track record of adding significant value within the full asset lifecycle, we have a great opportunity to deliver PDF’s quality and innovative services to our global business.
We expect to see increasing demand for outsourcing technical functions where operators have opted to reduce headcount to retain flexibility and deliver shareholders greater efficiency. We believe PDF’s quality technical offering in both the Advisory capacity and Outsourced Exploration Department™ are extremely well-suited to capitalise on this industry restructuring, given their partner relationships with clients, providing a cost effective, flexible solution to support their clients’ exploration and production activities”.
Mark Enfield, Managing Director at PDF Limited adds “We are very excited to be joining the EPI Group. Both businesses, from senior management down, have a similar and complimentary ethos and company culture, which focuses on quality and innovation through the entire delivery. The synergies which this new relationship brings presents an excellent opportunity to securely increase our rate of growth and create a group that is greater than the sum of its parts. These attributes, combined with adding EPI’s broad geophysical expertise and its growing overseas network of operating offices, will allow us to deliver increased capability and value to our clients. Our innovative OExD® (Outsourced Exploration Department™) partnership model has proven a success over the years and we feel it is extremely fit for purpose in the current industry landscape/climate, and the enlarged group will enable us to provide a true full asset lifecycle capability for E&P companies looking to create efficiencies through outsourcing without compromising on quality.”
Notes to editors
EPI Group is a leading seismic consultancy for the global Oil & Gas industry. With over 30 years’ experience, EPI specialises in the latest seismic solutions and techniques for technically challenging exploration projects, both onshore and offshore.
EPI works in partnership with its clients, providing quality solutions to reduce risk, maximise value and enable greater operational success for upstream projects. Its team of highly experienced staff and consultants are renowned in their field and have a proven track-record for delivering expert advice and quality solutions, which help clients de-risk their programmes both technically and commercially.
In 2013, EPI was awarded the Queen’s Award for Enterprise in International Trade in recognition of its international export achievements.
EPI operates across the globe from its UK headquarters in Cobham, Surrey, and regional offices in Houston, Bogota, Perth and Accra. For more information, please visit http://www.epi.co.uk/
About P.D.F. Limited
PDF, formed in 1994, are an established international Oil & Gas geoscience consultancy with a highly experienced, multi-disciplinary team and an extremely successful track record whose ethos is quality and innovation.
PDF specialise in working with oil companies through long term relationships, which delivers success through bespoke, highest quality, advisory and geoscience that is carefully tailored to the challenges of the clients’ projects. Select clients have been aided in achieving technical and corporate goals through strategic partnerships (Outsourced Exploration DepartmentTM) through PDF, including: Helping them expand and diversify their portfolios, through new ventures and mergers & acquisition; Operating assets for clients & joint venture partners, building prospect & lead inventories, assisting farm-in/-out, making discoveries, enhancing production and achieving transformative corporate events, including IPOs.
PDF remain a highly discreet consultancy, that during their 22 year track-record, have built a client-base which includes the largest super-majors through to medium & small cap companies, private E&P companies and governments.
PDF’s broad and diverse experience is global and includes a real depth of experience in Central & Eastern Europe, UK basins and Africa, as well as numerous projects in other international territories. They have completed more than 150 projects on ‘conventional reservoirs’ in >65 countries and also have extensive experience in ‘unconventional reservoirs’, having worked in 23 separate basins in 9 countries on 37 different Palaeozoic to Tertiary continuous resource plays.
Dr. Mark Enfield has built a strong team of dedicated geoscientists within the PDF business. He will sit on the EPI Board, where his strategic insight, technical leadership and track record for exploration success will drive significant shareholder value.
For more information, please visit www.pdf.ltd.uk
CEO, EPI Group
Tel: 08702 40 66 99
Mobile: 07894 213 473