Additional investment secured by oil & gas digital platform24 March 2020
A digital platform that aims to revolutionise the way in which the upstream oil and gas industry resources projects has secured £1.8m of private investment.
The brainchild of new start-up technology firm Xergy, Proteus is a cloud-based work management system that allows companies to find the right people for projects as and when they are needed and, by enabling remote-working, allows for a freelance culture to flourish.
Led by James McCallum and Colin Manson (pictured), Xergy has already benefited from £1 million of private investment. The firm claims Proteus will transform the way in which the industry sources and uses talent to resource and deliver projects.
Manson says: “We have now secured almost £3 million from private investors, which has allowed us to develop and beta test Proteus with amazing feedback from users, including Emerson and Xodus. This investment underlines our confidence in the product and the value and efficiencies it can bring but it also demonstrates that there is appetite for disruption within the sector.”
Proteus is said to facilitate working remotely within a working environment. This, in turn, will look to increase efficiency by removing fixed overheads and needless cost and improving utilisation rates and project management, while reducing the carbon emission from commuting and travelling.
The ERP system within Proteus connects all the key workflows used by most oil and gas companies, the start-up adds. The systems are accessed through an interface designed to simplify every workflow, but the added dimension is the talent pool within it which connects companies with the best suited freelance contractors for the job.
Manson adds: “Proteus can help the upstream oil and gas industry transform itself to suit the needs of today’s and tomorrow’s workforce. Today’s bright minds are looking for greater flexibility with the ability to work when they want and where they want and Proetus enables them to do that, at the same time ensuring that the industry can tap into this talent pool. By adopting Proteus, as a new way of operating, the working culture in oil and gas can be truly transformed.”
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