China-based iRes-Geo Technology plans to grow a substantial hub in Scotland after opening a new base at Heriot Watt University's Research Park in Edinburgh.
10 new jobs will be created as the company, which specialises in geosciences and reservoir technology, looks to capitalise on Scotland's long established strengths in the subsurface engineering sector.
The Scottish-based team will work to maximise opportunities in exploration, appraisal, development and field maturation projects.
Supporting investment in Scotland
iRes-Geo were able to count on our support as they planned their investment in Scotland.
Our teams in Scotland and China worked intensively with the company offering advice and guidance as well as financial support to establish their Edinburgh base. The company was also part of an inward mission to Offshore Europe in Aberdeen in 2015.
Yi Huang, chairman of iRes-Geo and a graduate of Edinburgh's Heriot Watt University, said:
"We have set up a new office in Edinburgh to support our North Sea and global expansion plans. To date we have created three positions, two of which are high value jobs, and we’re actively recruiting in Scotland to take our total staffing levels to five this year.
"I would like to take this opportunity to thank SDI for its great support, in business development and in setting up this company. I am looking forward to continuing to work with them as we deliver our growth plans."
iRes-Geo Technology Ltd has already created three of the initial jobs within research and development and marketing fields.
David Rennie, our international sector head of oil and gas, said:
"Today’s announcement is welcome news for Scotland’s oil and gas sector and reinforces our world-wide reputation as being a global hub for oil and gas activity.
"Our skills, experience and expertise together with our world-class training facilities and strengths in innovation made Scotland the location of choice for iRes-Geo Technology Ltd. Despite the current challenges that we are all aware of, investments such as these demonstrate we are still seen as an attractive long-term location."
Financial support for your investment in Scotland
Connecting Scotland and China's oil and gas sectors
China is a key market for Scotland’s oil and gas sector both for inward investment opportunities and trade.
Last year China was listed as key market for future growth by Scotland's oil and gas supply chain companies.
At the end of this month, fifteen oil and gas companies will join our trade mission to Beijing and Shenzhen to develop new international partnerships in areas where Scotland’s strong heritage can support the Chinese oil and gas industry in its global development.
David Rennie said:
"Supporting iRes-Geo Technology Ltd’s move to Scotland forges even stronger links between Scotland and China and we will continue to work intensively with their management team through our account management portfolio to support its ambitious growth plans in Scotland.
"The Chinese market is extremely important to Scotland and at the end of this month we will host 15 companies to attend the China International Petroleum and Petrochemical Exhibition where we will showcase Scotland’s world-class oil and gas expertise."
Ready to join iRes-Geo in Scotland?
Expertise, experience and a commitment to making the most of opportunities in the global oil and gas industry.
Scotland's oil and gas industry has a lot to offer companies like iRes-Geo Technology.
And we've got a lot to offer companies like yours.
If you'd like to find out more about how we can help your company invest in Scotland:
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