Reservoir Group

Reservoir Group specializes in providing innovative solutions for the oil and gas industry, focusing on enhancing operational efficiency and safety for its clients through tailored services and advanced technologies. Founded in 2006 in Aberdeen, UK, Reservoir Group is engaged in the oil and gas sector, having emerged from Madison Industries' acquisition of ALS Limited's multinational oil and gas business in July 2017 for USD 85 mn. The company operates globally, primarily serving various markets through its comprehensive service offerings. Jeffrey Baker serves as the CEO of the company.

Reservoir Group offers a range of services tailored to the oil and gas industry, which include drilling services, well control, and production optimization. Their services are designed to enhance safety and operational efficiency, catering to clients across different regions, including North America, Europe, and parts of Asia. In the most recent year of 2023, Reservoir Group reported a revenue of USD 40. 63 mn and an EBITDA of USD 6.

98 mn. The revenue structure is supported by a subscription model for ongoing services, allowing clients to benefit from continuous support and updates. Reservoir Group aims to leverage its recent funding to diversify its offerings by developing new services aimed at enhancing efficiency in oil and gas operations, with expected launches in late 2024. The company plans to expand into emerging markets in Southeast Asia and Africa by 2025, utilizing the USD 85 mn raised in the latest Buyout round to support these initiatives.