History Of Our Company
Here is a brief timeline of our company’s history.
ERC Equipoise Ltd (ERCE) was created in 2010, when ERC Energy Resource Consultants Ltd (ERC) and Equipoise Solutions Ltd (Equipoise) merged.
ERC and Equipoise had a long history of technical cooperation and partnership, which is depicted in the timeline above. The relationship between the Directors started in the late 1970’s when David Wilson of the original ERC worked with Don Scott of Scott Pickford Group on the privatisations of BritOil, Enterprise Oil and British Gas.
After years of working together, the Directors of ERC and Equipoise felt that an integrated model would strengthen the technical team and offer opportunities to build upon the combined company’s strengths. Below are brief histories of the two companies, prior to their merger.
ERC Energy Resource Consultants
ERC Energy Resource Consultants Limited (ERC) was re-launched in 2003 by the founding Directors, David Wilson and Simon McDonald. However, David and Simon’s roles in the petroleum consulting industry predates the 2003 incarnation of ERC by several decades. In 1977, David was a founding shareholder of the original ERC Energy Resource Consultants Limited and was joined by Simon in 1985. They were key contributors to ERC becoming, during the 1980s, the UK’s premier company for the delivery of independent reports on oil and gas assets. Activities at the time included:
- Reserves Reports for Stock Exchange purposes:
- Privatisation, including Britoil, Enterprise Oil and British Gas
- Flotations on the UK, USA, Canadian, Japanese, South African and other Stock Markets
- Defence Documents, including Britoil, Ultramar and Clyde Petroleum
- Company and asset acquisition
- Reserves Reports for bank financing purposes in the North Sea and internationally.
- Independent Expert reports for:
- Dispute resolution including expert witness appearances under both British and international jurisdictions
- Field equity determination
In 1994, the original ERC was taken over by Petroleum GeoServices AS (PGS) and the brand name was retired. In 1996, under the ownership of PGS, David set up an oil and gas company called Atlantis Holding Norway AS. Simon joined Atlantis shortly thereafter. The company had operations in the United Arab Emirates, Oman and offshore Tunisia. Both left the employment of PGS/Atlantis after the sale of Atlantis in early 2003.
In late 2003, David and Simon re-launched ERC Energy Resource Consultants Limited, and provided reservoir evaluation services to the international petroleum industry under that name until the merger with Equipoise in 2010.
In 1977 Don Scott co-founded the geophysical firm Scott Pickford, where he also served as Chairman and Technical Director. As with ERC Energy Resource Consultants, Don worked on the privatisation processes of Britoil, Enterprise and British Gas.
Over the years, Scott Pickford became an industry leader in unitisation and redeterminations and Don led teams involved in many of the key expert process in the global oil and gas industry during the 1980’s and 1990’s.
After Scott Pickford was acquired by CoreLab in 1998, Don Scott along with Charles Wood and Mark Holliday left and started Equipoise Solutions (Equipoise). Equipoise was formed to take advantage of the rapid movement to desktop based G&G software. Equipoise quickly established themselves as recognised experts in areas such as depth modelling and uncertainty, seismic processing and modelling, and field and prospect evaluation and ranking. A close relationship was also formed with SMT Seismic Micro-Technology, the makers of the Kingdom Suite. They also continued to provide expert advisory services with respect to determination processes.