Viking Services is a fully integrated service company that provides services to the oil and gas and geothermal industries with the goal of becoming the most trusted and reliable service company in Turkish, Middle Eastern, North African and European markets.
Viking International and Viking Geophysical were originally formed as wholly owned subsidiaries of TransAtlantic Petroleum Corporation (TSX: TNP & AMEX: TAT) in 2008, with the primary objective of servicing the exploration and development needs of TransAtlantic. In 2012, TransAtlantic decided it was time to make Viking Services an independent company to realize growth potential and segregation of business focus. As a result, in June 2012, Viking Services was acquired as a partnership between the Mitchell Group, the Abraaj Capital Group and XRC, an ownership vehicle of the shareholders of BXR Group. In early 2016, the Abraaj Capital Group and XRC bought out the Mitchell Group and therefore became jointly the sole shareholders.
Concurrently with the buyout, Viking Services appointed Ahmed Lotfy, an experienced oilfield services executive, as Chief Executive, to lead and build the business. The consolidation of shareholding in early 2016 strengthens Viking Services' position, focused on providing services in Turkey, Eastern European and Middle Eastern countries with the support of new leadership and well-established shareholders.
The Abraaj Group (“Abraaj”) is a leading private equity investor, purpose-built for operating in the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. Employing over 300 people, Abraaj has over 20 offices spread across five regions with hubs in Dubai, Istanbul, Mexico City, Nairobi, and Singapore. The Group currently manages c. US$ 9.5 billion across regional, sector and country-specific Funds. Abraaj has realized c. US$ 5.4 billion from 80 full and partial exits and Funds managed by the Group have made over 140 investments across 10 sectors including consumer, energy, financials, healthcare, and utilities. The Group is committed to the highest environmental, stakeholder engagement and corporate governance standards and is a signatory to the United Nations-backed Principles for Responsible Investment and the United Nations Global (www.abraaj.com)
XRC is owned by the shareholders of BXR Group. BXR Group, headquartered in Amsterdam, Netherlands, is an international private investment group with 17 years’ track record of superior investment performance across a variety of industry sectors. While BXR Group’s reputation was built on its founders’ successful investment performance in Central Europe, today the group has a diverse range of global interests, including Western Europe, the Americas, Africa, Asia, and Australasia. BXR Group seeks majority control positions or significant minority stakes alongside similarly minded partners in its investee companies. The group has an established track record of accessing the international debt and equity capital markets for large and high profile transactions. BXR Group’s investment philosophy is based on a partnership approach, working closely with highly motivated management teams and well-trained, incentivized workforces. (www.bxrgroup.com)