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STAVANGER, Norway, June 18, 2014 /PRNewswire/ --
Competentia,the international oil and gas project management and engineering recruitment consultancy todays announced the acquisition of the Houston-headquartered Argonauta Group of companies (http://www.argonenergy.com), in a cash and stock transaction.
Argonauta provides senior consultants to the oil and gas majors, primarily for the drilling and subsea sectors of the industry. In addition, through its subsidiary Argonauta Training Services, it delivers comprehensive courses in all aspects of deepwater operations, drilling and well control.
Since its formation in 2002, Argonauta has established relationships with most of the Houston-based majors and leading service companies and counts Exxon, Chevron and Schlumberger among its main customers.
Competentia Chairman, John Smith, commented: "The acquisition of the Argonauta Group is a major milestone in Competentia delivering on its strategy of building an international network to support the delivery of our customer's projects. Houston is the centre of the oil and gas industry and this move significantly enhances our US presence. It widens the range of the services that we are able to deliver and brings real expertise in the growth area of deepwater operations."
"We are looking forward to working with Rick Stewart and his team to internationalise the business and to expand the customer base for the delivery of deepwater operations, drilling and well control training," Competentia Chairman, John Smith, said.
Rick Stewart, CEO of Argonauta said: "As part of the Competentia group we will have access to an established platform of support to allow us to deliver on the potential within the Argonauta companies. It will enhance our ability to support our customers across their international projects."
Competentia, a former winner of Ernst & Young's Entrepreneur of the Year award, was established in 1998. After a change of ownership in 2006 the company has grown to be a major global supplier of experienced project Management and engineering personnel with revenue of over NOK 1.2 billion in 2013. The company's services are primarily provided to leading oil and gas companies in Europe, Africa, America and Asia Pacific, by Competentia's business units in Australia, China, Japan, Korea, Norway, Singapore, Trinidad, USA and the UK.
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