Merger of Blueback Reservoir and Cegal
Blueback Reservoir announced on 19 August 2014 that it has reached an agreement with Cegal for a merger of the two firms

Creating a global provider of software solutions and consulting services to the oil and gas industry

The joint company increased revenue by 50% in 2013, and forecasts a further growth of 25% in 2014 to a total revenue of NOK 550m

Blueback Reservoir is a fast growing technology company specializing in providing geoscience consulting services and software solutions for the global oil & gas industry. The company was founded in 2005 and has its headquarters in Stavanger, Norway, and subsidiaries in Oslo, London, Houston, Calgary and Dubai.

Cegal is a Stavanger-based company specialized within tailor made cloud technology, including managing and delivering large data volumes and software solutions to companies in the oil and gas industry. The company is market-leading in this segment, and provides good understanding of business needs, future-oriented and scalable technology. Cegal was established in 2000 and has offices in Oslo and Bergen in addition to the head office in Stavanger. The largest shareholder is the Norwegian private equity firm Norvestor.

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