Houston, TX (PRWEB) December 24, 2012
Geostock North America, Inc. (subsidiary of Geostock Group (France) is announcing their recent acquisition of Sandia Technologies LLC, Sandia Technologies, LLC (Houston). Geostock North America will hold 70 % of the capital of Sandia. The acquisition is expected to greatly enhance Geostock North America's capabilities by facilitating mutual support between Geostock US (wholly owned by Geostock North America) and Sandia, benefitting end clients and in the execution of their respective oil and gas supportive services.
Sandia Technologies is a multi-disciplinary engineering and consulting company specializing in injection well services for industrial, underground storage, and geologic sequestration applications, established in 1996 and based in Houston, Texas. The company’s major focus has thus far been to provide subsurface geological and reservoir evaluation, as well as injection well permitting and engineering consulting services to support underground injection well disposal applications and storage technology.
The resulting scope of services now available to Geostock clients will now include a more robust array of underground storage and expert services, consisting of underground storage design and consultancy, operation and well services, as well as the ability to provide experts in all disciplines, from geosciences and reservoir engineering to well services.
Founded in 1965, Geostock Group is an international engineering group held by Entrepose Contracting and Total (French companies) and was formed for the purpose of undertaking development of underground storage facilities for liquid, liquefied and gaseous hydrocarbon. The parent company and its subsidiaries have since undertaken numerous major underground construction and consulting projects around the world and consulted many major players in the oil and gas sector.
Geostock US Inc was formed in 1987 and was later headquartered in Houston, Texas in 1999. In 2009, drilling and workover management services were added to the list of integrated engineering services provided by Geostock US. It is wholly owned by Geostock North America.
Geostock US contact, René Kleinenberg (VP of Operations at Geostock US) or Donald Stehle (Managing Director at Sandia Technologies) are the designated contacts concerning this release.