INVESTORS
Business Review 2007
Business Review
Energy
We provide consultancy services on an international basis to the oil and gas industries from bases in the
UK, USA, Canada, Australia, Malaysia and Singapore. In the UK we also provide advice to both the onshore
and offshore renewables industry. The business had another outstanding year; fee income, profit and margin
all grew substantially. Strong organic growth was coupled with a number of important acquisitions.
Demand for our services from oil and gas exploration and production companies reached record levels. This reflects both buoyant market conditions and our position as a world leader in this sector.
The requirements of the developed world to identify and secure long term supplies of energy, coupled with the increasing energy needs of developing nations, suggest that activity in this market will remain at a high level for the foreseeable future. We see increasing interest from clients in the combination of the geological, engineering, environmental and safety expertise that we provide.
RPS' reputation within the financial community in respect of determination of oil and gas reserves for reporting purposes, and in support of corporate activity, developed encouragingly during the year. The oil and gas companies and their advisors value the breadth and depth of our expertise, including our environmental experience.