BRIEF HISTORY
Geolog was founded in 1982 to provide Mud Logging Services to AGIP in Italy on geothermal, oil and gas wells. Geolog´s strong technological and R&D culture led to the development of a number of innovative solutions and highly technological patents in the mud logging business. During the Italian crisis of 1994, the Company moved abroad, opening bases in Tunisia, Congo and Venezuela, essentially servicing AGIP’s international operations. Current management acquired the Company in 2001, following which it has worked aggressively to reduce the Company’s dependency on AGIP (ca. 90% at time of acquisition) by growing its customer base across not only International Oil Companies but also National Oil Companies. Management has been able to develop Geolog´s innovative solutions and technological patents into commercial solutions for servicing of its clients. Under current management, in the last eight years, Geolog has grown purely organically, expanding operations to over 20 countries and significantly growing its workforce, from less than 100 in 2001 to in excess of 850 today. The Company remains privately owned and independent. |  |