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.