Grenland to Acquire Real Concept Group

Grenland Group recently signed a share purchase agreement to acquire another Norwegian engineering company, Real Concept Group.

According to Grenland Group, the deal will strengthen the company's capability and competence in engineering services to the international oil and gas industry within concept development, front-end engineering design, process optimization, verification, and project execution.

Real Concept Group has been renamed Grenland Realconcept (GRC). In addition to its head office, GRC will have a branch office in Stavanger. Grenland Group paid NOK 33 million (approximately US$5 million) for the shares.

BP Norge recently engaed GRC to perform system analysis work related to the Valhall field. Also, PA Resources has contracted with GRC to conduct system analysis and process design work relating to the completion of its Didon platform in Tunisia.

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