International energy consultancy Xodus Group has invested £2million in launching a Middle East operation in Dubai as part of its global expansion strategy.
An initial team of 19 will be based in the company's new office in the Jumeirah Lake Towers area and will be investing in operations across the Middle East region while offering a full suite of integrated services.
CEO and CFO of Xodus, Colin Manson and Emma Merchant have relocated to Dubai.
Colin Manson said, "Xodus’ vision of having hub offices in all four regions across the world has come to fruition with the opening of our Dubai office. With the level of activity in the Middle East married with the exponentially growing East African market, we envisage to have more than 50 people by the end of 2012 and reach 100 people within the first year with an eye on expansion into Abu Dhabi and Oman. The Dubai base will be focused on servicing contracts across the gulf including Kurdistan and Iraq and our integrated field development expertise ideally places Xodus to support unique project challenges."
Xodus is currently delivering a number of Total Field Development and Integrated projects in the Middle East including a significant contract showcasing its integrated capabilities for Gulf Keystone Petroleum in Iraqi Kurdistan.
The field development project involves studies to address the key choices in the development of the Shaikan field. It not only includes facility related choices but also wells and subsurface development work. Shaikan is a major discovery with independently audited gross oil in place with resources of between eight and 13.4 billion barrels.
Aberdeen-headquartered Xodus Group launched in 2005. The company has offices in Houston, Nigeria, Perth, The Hague, Norway and in the UK.