19-06-2012
KBC announces £9.5 million acquisition of Infochem
KBC Advanced Technologies plc ("KBC" or "the Group") is pleased to announce it has purchased Infochem Computer Services Limited ("Infochem"), a leading provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of £9.5m.
The acquisition of Infochem is the first step in KBC's growth strategy to both expand into the upstream energy industry and increase software sales as a proportion of overall sales. It provides KBC with a leading position in the provision of specialised software used in the development and production segments of the upstream oil and gas industry. This complements KBC's reputation as a leading provider of specialised software and services to the downstream oil and gas market.
Infochem brings to the Group rich software and intellectual property ("IP") in the chemistry of oil and gas fluids that enables accurate modelling of reservoir fluids to maximise production – "flow assurance". The flow assurance market in oil and gas development and production has been buoyant in recent years, with application both in conventional and alternative unconventional oil and gas production.
The combination of KBC's detailed engineering, process simulation and energy management technologies with Infochem's capability and understanding of reservoir and production fluids behaviour will provide the enlarged group with a powerful set of engineering software solutions for use in both the upstream and downstream sectors of the oil and gas industry. The combination of the two companies will also deliver strong synergies by combining their software development and sales functions and through the ability of Infochem's flow assurance models to expand the reach of KBC's Petro SIMTM software into the upstream market. The enlarged Group's clients include asset owners, operators, oilfield service companies and EPC contractors.
For more information, please visit www.kbcat.com
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024