Plans to create hub
Chinese technology firm builds base at Heriot-Watt
The company aims to expand its North Sea and global business and will initially create 10 jobs with plans to see its Scottish operation grow into a substantial hub.
The company, which specialises in geosciences and reservoir technology, said it recognises Scotland’s strengths in the subsurface engineering market.
Scottish Development International (SDI) was instrumental in luring the company to Scotland.
David Rennie (pictured), international sector head at SDI, said: “Today’s announcement reinforces our world-wide reputation as being a global hub for oil and gas activity.
“Our teams in both China and Scotland worked intensively with the company providing on the ground advice and guidance including financial assistance to get established as well as supporting the company to join an SDI/UKTI inward mission to Offshore Europe last year.”
China is a key market for Scotland’s oil and gas sector. Last year it was listed in the supply chain’s top ten countries for growth opportunities.
At the end of this month 15 oil and gas companies will join an SDI trade mission to Beijing and Shenzhen to develop new international partnerships in areas where Scotland’s strong heritage can support the Chinese oil and gas industry in its global development.
Mr Rennie continued: “Supporting iRes-Geo Technology Ltd’s move to Scotland forges even stronger links between Scotland and China and we will continue to work intensively with their management team through our account management portfolio to support its ambitious growth plans in Scotland.