SPEAR ANNOUNCES PARTNERSHIP WITH IHS ENERGY TO PROVIDE RESERVOIR MANAGEMENT SERVICES IN NIGERIA

Spear Engineering Consulting Services is delighted to announce its appointment as Official Representative in Nigeria of IHS Incorporated, owners of the Fekete Reservoir Management suites and a global leading source of information, insight and analytics in critical areas that shape today’s business landscape. This partnership will help us provide efficient reservoir and well performance management services from the globally recognised brand to interested Oil and Gas industry operators in Nigeria, Egypt and Equatorial Guinea.

“We are very excited to work with IHS Energy,” said Remi Akano, Group COO of Spear Ventures, parent company of Spear Engineering Consulting. “As a company which delivers up-to-date expertise in individual professional disciplines, our drive is always to offer best-in-class, yet cost- effective solutions that will impact positively on the efficiency, productivity and the bottom line of our clients in the Oil and Gas industry. This is why one of the focuses of our service is to provide reservoir analyses and studies that will result in the optimum strategy for our clients’ field development planning as well as managing existing producing assets,” he added.

“Teaming up with IHS which has a formidable team of industry experts with over 20 years’ global experience and is well recognized within Society of Petroleum Engineers (SPE) to provide efficient reservoir management and consulting services is an exciting development. It will enable us offer the best software solution in the market (IHS HarmonyTM suite), to help our clients meet the reserves evaluation and production forecasting goals, which we recognise are some of the main deliverables for every E&P operational and management team.

“This, we believe would add significant value to our clients’ operations and confidence in reserves estimates and forecasts,” Akano said.

With this synergy between SPEAR and IHS, one of the leading sources of information, insight and analytics in critical areas that shape today’s business landscape, the door is now open and for Oil and Gas operators in Nigeria to benefit from the services enjoyed by many successful businesses and governments in more than 165 countries around the globe. These entities rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence leading to increased profitability.