Knowledge Reservoir completes management buyout of Ziebel AS

HOUSTON--- Knowledge Reservoir, a leading global geosciences and engineering consulting services company, today announced the completion of a Management Buy Out of the remaining shareholding held in the company by Ziebel AS.

The MBO represents the purchase by the original founders, Dr. Ivor Ellul and Robert Archer, of the majority stake that Ziebel held subsequent to the acquisition of Knowledge Reservoir in May of 2007. Ziebel’s advisor in the transaction was Simmons & Company International.

Dr. Ellul, President and CEO of Knowledge Reservoir, stated “This is an excellent time to be back at the helm of the company, given the ever increasing need for agility in delivering products and services to our client-base”.