Aberdeen-headquartered well and reservoir management specialist, Exceed, is set to be acquired by global integrated energy service partner, Kent, following the signing of a binding agreement between the two companies.
The acquisition marks Kent’s strategic expansion in the fast-growing global decommissioning market, delivering on its aim to become a full-service partner across the energy lifecycle, including late-life operations through to the safe and successful decommissioning of customer assets.
Exceed’s proven delivery model and outstanding track record will combine with Kent’s global platform and project execution strength to meet growing demand for safe, compliant and cost-effective end-of-life solutions for oil and gas infrastructure. For Exceed, the partnership with Kent unlocks access to a truly global footprint, a wider portfolio of tier-one clients, and the financial capacity to pursue larger, more complex scopes across new geographies.
“We’ve built Exceed over 20 years with a commitment to technical excellence, innovation and client trust. Joining forces with Kent is the natural next step, providing the management support and global reach to scale our expertise to new markets while preserving the same culture, entrepreneurial spirit and values that define us.
“This deal also unlocks significant opportunities in the energy transition space. Exceed is already repurposing reservoirs for carbon capture and hydrogen storage projects and combined with Kent’s existing expertise in low carbon and renewables, we will bring an unmatched offering to the marketplace.” – Ian Mills, Exceed MD
“Our agreement to acquire Exceed is a bold step into the future of responsible energy operations. Exceed’s specialist capabilities in well and reservoir management, coupled with their strong reputation in decommissioning, complement our vision of offering full lifecycle services to our clients. Together, we will be uniquely positioned to help the industry navigate energy security, net-zero mandates, and the safe retirement of offshore assets.” – John Gilley, Kent CEO
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