Xodus Group has invested $3.21 million as part of its global expansion strategy.
An initial team of 19 will be based in the company’s new office in the Jumeirah Lake Towers area and will be investing in operations across the Middle East region while offering integrated services focused on Total Field Development.
CEO and CFO of Xodus, Colin Manson and Emma Merchant have relocated to Dubai to help drive business in the region and support the company’s aim to expand the Middle East operational base to be one of the largest in the company.
The move will give Xodus hub offices in all four regions across the world with the opening of the office in Dubai. Xodus has expanded recently with offices in Houston, Nigeria, Perth, The Hague, Norway and in the UK. The board is actively seeking out further global expansion and is aiming for organic growth to reach 1,000 people by 2015.
Xodus is currently delivering a number of Total Field Development and Integrated projects in the Middle East including contract utilizing its integrated capabilities for Gulf Keystone Petroleum in Iraqi Kurdistan.
The field development project involves studies to address the key choices in the development of the Shaikan field. It includes facility related choices and wells and subsurface development work. Shaikan is a major discovery with independently audited gross oil in place with resources of between eight and 13.4 billion barrels.
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