BV Investment Group has announced a new capitalisation project to support PetroSkills as it expands its oil and gas training services.

The financier, which specialises in business services, communications and media sectors, announced that it will take on a majority interest in PetroSkills as a result of the refinancing deal, while executives and co-owners will retain a minority stake.

PetroSkills was founded in 1963 and is based on Tulsa, Oklahoma; it provides training in more than 200 knowledge fields across upstream, midstream and downstream oil and gas operations, both to US and international clients.

The company offers public training courses and tailored in-house programmes to serve company-specific educational requirements.

Clients include BP, Shell, Halliburton, ConocoPhillips, Chevron, Baker Hughes and Woodside.

"Our new relationship with BV Investment Partners will accelerate PetroSkills' development of new platforms for delivery of education and training to the industry," said PetroSkills chief executive officer Ford Brett.

Oil and Gas Directory: Training and Development