Aberdeen-headquartered Task Geoscience and Houston-headquartered Fronterra Integrated Geosciences have merged to become a global geoscience consultancy – the Task-Fronterra Group.
The combined company has received £3.8m growth capital investment from Business Growth Fund (BGF), which will take a minority stake. In conjunction with the funding, Mike Sibson, BGF’s Investment Director joined the Task-Fronterra Group board.
Task Geoscience (founded in 2001) and Fronterra (founded in 2003) are both geological consultancies providing data processing, borehole interpretation and reservoir modelling services to operators in the oil & gas industry.
The merger has created a large geoscience company specializing in the use of borehole imaging and core integration, which allows clients to improve understanding of oil and gas reservoirs through analysis of the well bore geology and surrounding faults and fractures. Task-Fronterra has now a global presence with 10 offices across North and South America, Europe, the Middle East and Asia Pacific.
It will be run by the founder and CEO of Task, Lawrence Bourke, who is supported by a senior management team from across both businesses. In addition two senior non-executives, Will Davie and John Forrest, have joined the board.