Foroil is a service company based in France providing production forecasts and development scenarios for mature hydrocarbon fields time in record time. Analysing how fields were produced over the years, Foroil's advanced mathematical tools can play millions of development scenarios to select the optimal one within months rather than years, resulting in at least 15% to over 50% increase in the hydrocarbon recovery factor over traditional scenarios.
Foroil SAS was acquired by 4D Global Energy Advisors S.A.S on July 01, 2012.
Join Mergr to view all 163 acquisitions of energy services and equipment companies in 2012, including 64 acquisitions by private equity firms, and 99 by strategics.
Out of 60 sectors in the Mergr database, energy services and equipment ranked 13 in number of deals in 2012. The largest energy services and equipment acquisition in 2012 was Progress Energy - which was acquired by Duke Energy for $32.0B.
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