Field Appraisal & Development Planning

Field Appraisal & Development Planning

Integrated Production Modeling

Integrated Production Modeling

Digital Oil Field

Digital Oil Field

Acquisitions & Divestitures

Acquisitions & Divestitures

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How we are different

Products & Services

We understands that 1)selecting the appropriate software technology, 2) the Right Expertise for your team, department or entire company, and 3)efficient Project Management can be a challenge. COLOSSUS GROUP here offer services to support your efforts to addressing these objectives.

Reuters


BENGALURU – Reliance Industries Ltd said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc.

Reliance's unit to sell Marcellus shale assets for $250 million- oil and gas 360

Source: Reuters

The assets, currently operated by various affiliates of EQT Corp, will be sold for the cash consideration and warrants, that will allow for the purchase of 3.25 million common shares of NOG at an exercise price of $14 per common share over the next seven years, Reliance said.

In 2017 Reliance sold a shale oil and gas block in the Marcellus shale in northeastern and central Pennsylvania for $126 million.

Reliance, led by billionaire Mukesh Ambani, has been diversifying away from its mainstay energy arm to consumer-facing businesses in recent years.


Mission Statement

To offers a range of quality and cost effective services in design, engineering, procurement & construction, project and operations management.

Andrew Foster

Andrew Foster

COO
Lease Sale

Our Due Diligence Team is ready to attend the DATA ROOM and review your asset asap, before you commit your investors trust

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Our footprint covers all geographical hotspots both onshore and offshore assets

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Our technology and local expertise—supported by a global knowledge base of lessons learned—maximize ... our local expertise.

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