Senergy Aquires Floyd & Associates

Leading oil and gas consultancy, Senergy Limited, has merged with Aberdeenshire-based Floyd & Associates. This continues the growth of Aberdeen-based Senergy as a diversified energy services organisation providing a holistic approach to field development. The new combined company will have a turnover in excess of £50 million and employ over 220 people.

Senergy Holdings chief executive, James McCallum, said: "The combination of the two companies will further develop Senergy's extensive core skills in the global oil and gas sector and also enhance our diversification into alternative energy sectors such as offshore wind. We welcome such a highly respected organisation into our group."

Floyd and Associates is one of the UK's leading independent project management consultancies in geohazard assessment, marine site surveys and rig positioning. In future Floyd & Associates will be known as Senergy Floyds and will operate under their existing management as a Senergy Group company alongside Senergy Oil and Gas, Senergy Alternatives and Senergy Investments. Daren Wallwork will continue as managing director of Senergy Floyds and will join the Senergy Holdings board.

This acquisition represents an exciting addition to Senergy's capabilities, linking further the subsurface and wells elements of the business and continuing Senergy's development of its offering in integrated field development solutions. It is expected that there will be significant opportunity for worldwide growth and diversification for the combined group, including further acquisitions that will enhance the development of Senergy Floyds' business.

Floyd & Associates managing director, Daren Wallwork, added: "We are delighted to be joining Senergy and this represents an exciting development for both companies. During the last five years Floyd & Associates' market presence has rapidly expanded. The merger of our business with Senergy will enable us to fulfill our international aspirations and allow further expansion into other areas of business such as the energy alternatives market. The joining of the two companies will further enhance the services that we can offer our clients."