CALGARY, Feb. 10, 2023 (GLOBE NEWSWIRE) — Sproule, a leading global energy consulting and advisory firm, is pleased to announce an agreement to acquire Subsurface Consultancy (“SSC”) from SGS SA (“SGS”), based in the Netherlands to announce . Based in Geneva, SGS is a testing, inspection and certification company recognized as a global benchmark for sustainability, quality and integrity. SSC performs reserve certification, seismic interpretation, integrated subsurface surveys and provides expert services to clients on various energy projects worldwide, but primarily in Europe and the Middle East.

“This acquisition strengthens Sproule’s existing reservoir services, geothermal and energy consulting teams, particularly in the European market. It provides continuity for customers and employees and adds additional scalability to our growing platform during a disruptive time in global energy markets,” says Christoffer Mylde, SVP Corporate Development, Sproule.

This acquisition combines SSC’s deep and extensive track record in reservoir studies, expert testimony and consulting services with Sproule’s growing global platform. The combined expertise, industry contacts and technical acumen offer customers an even more compelling value proposition. SSC will be integrated into Sproule’s existing team in the Netherlands. The transaction is scheduled to close on March 1, 2023.

“This acquisition further solidifies our business in the European market. It enables us to compete more effectively and deliver better solutions to our global customer base by further deepening our technical and commercial expertise. We look forward to welcoming the SSC team to Sproule as we ensure critical continuity and offer new services to existing SSC customers,” said Jim Chisholm, CEO of Sproule.

About Sprule

Sproule is a global energy consulting and advisory firm that helps companies, investors and governments understand value and risk in an increasingly complex energy environment…