About XP Group
XP Group is an Energy & Utilities company based in Bucharest (Romania) founded in 2004, and was acquired by Petrofac in February 2017. XP Group is engaged in sustainable upstream oil and gas operations. It operates on a Managed Services model. XP Group has raised $25 million across 3 funding rounds from investors including EBRD, Petrofac and Syntaxis Capital. XP Group offers products and services including XP Uplift and XP Upgreen. Its focus areas include Energy, Oil & Gas and Upstream Operations. Its legal entity is Expert Petroleum.
Company details
XP Group is focused on maximizing the potential and sustainability of mature oil and gas assets. Operations are conducted in the upstream sector with an emphasis on production enhancement through technology and investment. Additionally, decarbonization services are provided to reduce the environmental footprint of operations. The company is committed to sustainability, prioritizing nature and people in its business practices across various regions.
- Headquarters Bucharest, Romania
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website expertpetroleum.com
- Social LinkedIn Facebook
- Acquired by Petrofac (Feb 2017)
- Legal Name Expert Petroleum
Products & Services of XP Group
XP Group offers a comprehensive portfolio of products and services, including XP Uplift and XP Upgreen.
Production is enhanced through technology and investment strategies.
Environmental footprint is reduced by field-proven abatement solutions.
Funding Insights of XP Group
XP Group has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25M
- Total Rounds 3
- Last Round Debt – Conventional — $5M
- First Round $25M
(Nov 2009)
- Investors Count 3
All 3 funding rounds of XP Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $5M | Debt – Conventional | – | – | |
| Jun 2014 | Series B | – | – | ||
| Nov 2009 | $25M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in XP Group
XP Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include EBRD, Petrofac and Syntaxis Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate advisory services are provided across multiple sectors. | 1991 | ebrd.com | London, United Kingdom | |
Capital is provided to growing mid-market companies in Central Europe. | syntaxis-capital.com | |||
| lrpartners.com | ||||
Energy services for asset lifecycle management are provided. | 1981 | petrofac.com | London, United Kingdom |
Investor details for XP Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of XP Group
4 dated milestones of XP Group across 13 years, from founding to its latest funding, stage changes and deals.
- Founded XP Group is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by Petrofac.
- Funding Latest funding round, Debt – Conventional, of $5.0M.
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Frequently Asked Questions about XP Group
XP Group was founded in 2004 and raised its 1st funding round 5 years after it was founded.
XP Group is headquartered in Bucharest, Romania.
XP Group is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Series A of $25M, raised on Nov 2009.
XP Group is focused on maximizing the potential and sustainability of mature oil and gas assets. Operations are conducted in the upstream sector with an emphasis on production enhancement through technology and investment. Additionally, decarbonization services are provided to reduce the environmental footprint of operations. The company is committed to sustainability, prioritizing nature and people in its business practices across various regions.
XP Group offers XP Uplift and XP Upgreen.
XP Group has 4 investors. Key investors include EBRD, Petrofac, Syntaxis Capital, and Lime Rock Partners.
XP Group operates through Expert Petroleum.
Yes. XP Group was acquired by Petrofac in February 2017.