En­ergy firm an­nounces ex­pan­sion in Gran­ite City

Evening Express (City Final) - - News -

A SCOT­TISH-AMER­I­CAN soft­ware and en­ergy com­pany has re­vealed it plans to move to new of­fice premises in Aberdeen.

Ziyen Inc, es­tab­lished by In­ver­ness-born Alas­tair Caith­ness in San Diego, Cal­i­for­nia, will move into new of­fices in the Aberdeen In­no­va­tion Park on Bal­go­wnie Drive. Pre­vi­ously op­er­at­ing a satel­lite of­fice in In­ver­ness, the firm is ex­pected to ap­point ex­pe­ri­enced in­dus­try fig­ures to sup­port the ex­pan­sion in the com­ing weeks.

This an­nounce­ment fol­lows the com­pany’s re­cent $36 mil­lion pur­chase of oil re­serves in In­di­ana, and its plans to be listed on the NAS­DAQ stock mar­ket by early 2018.

CEO Alas­tair Caith­ness said: “We see enor­mous po­ten­tial for our ser­vice of­fer­ing in the UK, par­tic­u­larly around new tech­nol­ogy. The Aberdeen of­fice gives us fan­tas­tic plat­form for growth, both in Scot­land and in­ter­na­tion­ally.”

Founded in 2016, its re­cent cre­ation of an en­ergy di­vi­sion is in­tended to utilise its ad­vanced ex­trac­tion tech­nol­ogy. With per­mis­sion re­cently given to trade as a petroleum firm fol­low­ing its US ac­qui­si­tion, Ziyen aims to at­tract po­ten­tial in­vestors and oil and gas ex­perts to its ex­pan­sion ef­forts.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.