Merlin Energy Resources Ltd was established in 1998 by six geoscience specialists who were formerly employees of Clyde Petroleum plc, an oil company based in Herefordshire, UK. When Clyde was shut down after a corporate take-over, the founders decided that there was room in the market for a further E&P consultancy, particularly one where all the staff were seasoned oil company professionals. The fantastic location and quality of life in Herefordshire may have had just a little to do with the decision too.
Merlin was soon in demand to provide in-house and project based support to E&P clients, and gradually began to achieve the corporate objective of carrying out multidisciplinary projects from the home office in Ledbury, UK. The 1999 oil price slump was not a happy time in the industry, but the young company survived and, subsequently, began to grow as repeat business and client recommendations increased the turnover. In 1999, Merlin also entered the data management business via the setup of the Merlin Datawise trading division, based on the acquisition of the skilled staff and the facilities that Clyde had set up in Colwall, UK. After gaining its feet, Merlin has continuously traded profitably, and has pursued a policy of sharing the majority of the profit with its staff in the form of an enhanced bonus scheme.
Over the years since then the Merlin team has grown and adapted, but has been steadily refreshed by the recruitment of highly experienced oil company geoscientists. To balance the experienced staff, Merlin has recruited, trained and developed a number of top-quality geoscience graduates. Their fresh ideas, new ways of thinking and youth combine with the experience and knowledge of the "old guard" to create a dynamic and enthusiastic team. From the beginning of 2012, Merlin entered into a formal teaming agreement with Belltree Reservoir Development and Management. Together, the like-minded Merlin and Belltree teams can now deliver an integrated, coherent and fully independent suite of E&P and asset management services.
Merlin offers a large range of in-house functional geoscience services. These capabilities are most often brought to bear on fully integrated projects. Merlin offers geoscience consultancy from the New Opportunity stage, through to field Appraisal and Development planning. More recently, the Company's teaming relationship with Belltree adds Petroleum Engineering disciplines to their capabilities, and allows the combined team to offer services throughout the entire E&P Life Cycle. Although they have nominally divided the cycle into five main stages, Merlin can undertake any combination of these services to suit the needs of the client.
- New Opportunities
- Technical Evaluation & Portfolio Build
- Project Execution
- Appraisal & Development