GPB Global Resources is a renowned oil exploration company headed by Boris Ivanov, who is also its Managing Director. It was founded in 2011 with headquarters in Dijsselhofplantsoen, Amsterdam. Over the years, Boris Ivanov has taken the lead in the company providing strategic ideas to help in the company growth. More than 4,000 employees have secured positions in this company. Moreover, there are more upcoming projects to explore resources all over Africa. The management has adopted the use of modern technologies to ease the search for oil and gas to maintain reliable supply.
Other Investments
Besides petroleum exploration and production GPB Global Resources plays a part in different acquisitions and management of petroleum projects. The management team works closely to oversee the project in various stages, such as exploration, development, financing, and investing in infrastructure development. Moreover, the leaders, including Boris Ivanov, offer consulting services. He has gained experience working in this and other companies, which help him make wise decisions for the company.
Following the ongoing #Covid19 pandemic, the world’s oil biggest companies are slashing spending this year following a collapse in oil prices due to a slump in demand and a price war between #Saudi Arabia and #Russia.
Read here to learn what that means 👉🏻https://t.co/ESQBz1a6ZE pic.twitter.com/hzBHiuZjow
— GPB Global Resources B.V. (@GPBGlobal) April 6, 2020
Giving Back to the Society
The company is dedicated to giving back to society to create value by insisting on environmental protection and providing support to the community. GPB Global Resources has committed to donating to charity organizations in Russia to help fund the people suffering from Cystic Fibrosis. The firm also launched the La Siembra foundation to improve the living standards of the people in Venezuela. In Ethiopia, the firm has successfully constructed school and continues supplying the people with water systems, education materials, and resources in the health department.
Projects in Venezuela
In Venezuela, GPB Global Resources has created history after a partnership with Venezuela’s national oil company in 2012. The primary objective of this venture is to increase company logistics by developing mature onshore oil fields. The firm plays a significant role in financing the project and providing specialists with technical experience for successful project completion.
This venture also benefited the community by drilling wells and maintaining the site’s power supply and improved reliability of this national oil company. Moreover, they implemented the Steam injection supply to guarantee reliable energy sources. GPB management team is focused on establishing new projects in other parts such as Ethiopia, Niger, among other areas serving a wide range of clients and guarantees efficiency.