Company Profile and Strategy
Comtrack Ventures Ltd was the founder shareholder of Grekoil, but during 2013 Comtrack reduced its shareholding to 35%, with Viking Energy Group now owning 65% of the shares.
Comtrack is an oil and gas exploration and production company based in and managed from Cyprus. The principle activities of Comtrack are investments in upstream oil and gas projects, by establishing or acquiring subsidiary or associated companies, which participate in oil & gas exploration and production licenses. Viking Energy is an established operator in Tunisia and the Philippines and works with its associated company Thome Oil and Gas.
Grekoil has an impressive management team with significant international oil and gas exploration and development experience in both onshore and offshore environments including environmentally sensitive areas. In addition Grekoil is supported by key strategic partners with extensive experience in both the exploration and development stages.
- Grekoil has a technical services contract with Simco which is fully equipped and staffed to undertake detailed interpretation of geophysical and geological datasets with in house access to SMT Kingdom workstations.
- Grekoil has a strategic partnership with Norwell, a drilling management and services company operating globally since 1989.
- Through Viking, Grekoil has a strategic partnership with Thome Oil and Gas who provide offshore production solutions including process, floating production and export systems.