The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.1 - Extraction of crude petroleum
390 jobs Number of planned job creations
Announcement Date
18 April 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
On 18 April 2012, a Poland-based gas and oil extraction company United Oilfield Services (UOS) was acquired by Enterprise Investors (EI). Following the acquisition, 390 new employees are expected to be hired by the end of 2012. The ultimate target is to reach 1,000 staff in a couple of years.
Established in 2011, UOS currently employs 110 people. The company provides seismic, hydraulic fracturing, drilling and well completion services to companies involved in oil and gas extraction and production in Poland.
Founded in 1990, Enterprise Investors specializes in managing private equity and venture capital funds in Poland and Central and Eastern Europe.
Sources
18 April 2012: Rzeczpospolita ()
Citation
Eurofound (2012), United Oilfield Services, Merger/Acquisition in Poland, factsheet number 73743, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73743.
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