Thursday, January 21, 2016

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Leiderdorp – 21 January 2016, PanTerra Geoconsultants B.V, Azuren B.V. and EOR Laboratory Services B.V. (ELS) today announced a definitive merger agreement under which PanTerra acquired 100% of the shares and assets of Azuren and ELS as of 1st of January 2016.

For the new combined company, the transaction represents a step forward to expanding its service portfolio into specialised EOR solutions. ‘This union strengthens our capability to provide an integrated suite of oil and gas subsurface services ranging from core and fluid analysis, geology, geothermal evaluations, petroleum engineering and (EOR) field development planning’ said Mr. Greg van de Bilt, Managing Director of PanTerra. ‘We believe that the synergy of this merger, the combined track record and expertise of the individual companies will result in a superior service offering and therefor increased value for our customers’ Mr. van de Bilt continued.
The new company will operate under PanTerra’s flag and will be headquartered in Leiderdorp, the Netherlands. Following the completion of the transaction, Mr. Jan Nieuwerf has become Managing Partner and will act as PanTerra’s new Business Development Manager and EOR specialist.

About PanTerra
Founded in 1988, PanTerra Geoconsultants B.V. has developed into a leading independent provider of integrated laboratory and consultancy services to the international Oil & Gas industry.

The company serves the upstream oil and gas industry with a full range of geological and reservoir-engineering services ranging from seismic interpretation, petrophysics, static modeling, dynamic modeling, volumetrics and reserves assessment, to well-test analysis and production technology.

PanTerra’s also has a state-of-the-art laboratory that provides the full range (special) core analysis and interpretation of rock and fluid samples. For more information please visit www.panterra.nl or connect via LinkedIn, Twitter and YouTube.

About Azuren

Azuren is an EOR consultancy company established by Mr. Jan Nieuwerf having 20 years experience in conducting EOR projects within Shell.. Azuren is specialized in chemical EOR and services include field to portfolio screening, business-case generation, integrated pilot/field development, laboratory services and facilities design, lease and sale, as well as project management and execution. Please visit the company website www.azuren-eor.com for more information.

About EOR Laboratory Services (ELS)
EOR Laboratory Services [ELS] BV is an independent laboratory based in The Netherlands, founded by Azuren BV and PanTerra Geoconsultants BV to provide specialised Enhanced Oil Recovery laboratory services. ELS provides a suite of EOR Laboratory tests ranging from phase behavior, polymer-selection/compatibility studies, core flooding for chemical, low salinity, thermal and (im)miscible EOR to ASP chemical design and scale prevention, as well as emulsion breaking. For more information please see www.eor-labservices.com

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