CountryUS, Malaysia, UAE, Pakistan
Supporting the oil and gas industry
The world’s relentless need for natural resources, combined with an acute shortage of qualified geologists and geophysicists, has increasingly led the oil and gas industry to outsource the management and assessment of data related to exploration and production.
Specialising in petroleum technology, LMKR, founded in Pakistan in 1994, is well positioned to capitalise on this trend. It provides information management, data processing and software solutions to oil and gas companies and governments worldwide. It employs a skilled workforce of more than 400 professionals, including 280 geologists and geophysicists. Whilst information management is a relatively small market, the underlying geoscience information and expertise helps to reduce exploration and development risk and is the foundation upon which much of the oil and gas industry bases its decision-making.
Actis’ investment in the company in 2007 has helped LMKR become a significant player in oil and gas technology services. Actis’ investment led to the recruitment of additional specialist expertise and the expansion of overseas offices, creating a global presence for the firm. The Actis Environmental, Social and Governance team has worked with LMKR to introduce international standards of governance. Through a contract with Halliburton, LMKR has recently entered the Oil & Gas technology products market, in particular those catering to unconventional energy sources.