Geostock : Creation of a subsidiary in Spain

5 January 09

Geostock Holding, international engineering group and subsidiary of BP, Entrepose Contracting and Total is announcing the creation of Geostock Iberia, established in Madrid (Spain). This company, wholly hold by Geostock Holding, will enable the Geostock Group to strengthen its capabilities of intervention in Spain and in a more general way in the Iberian peninsula.

Geostock already works in this area where it takes part in an active way in many onshore and offshore underground gas storage projects.

Jean-Michel Noé, current President and CEO of Geostock SAS, has been appointed Chairman of the new company. Jesús J. Artieda, who holds a PhD in Mine Engineering, has been appointed Chief Executive Officer and Philippe Olivier has been appointed Vice-President Projects.

PR_Geostock_Iberia.pdf