DownUnder GeoSolutions goes from Subiaco backyard to $330m super gas, oil solutions

Two Perth geophysicists built a backyard shed in Subiaco to house their fledgling business 14 years ago.

Now they have 350 employees across four continents and are looking to spend more than $330 million on supercomputers.

DownUnder GeoSolutions, founded by Matt Lamont and Troy Thompson, helps oil and gas companies locate their expensive drilling campaigns. There is a lot at stake. Oil and gas consultancy Wood Mackenzie expects $US37 billion ($49 billion) to be spent on conventional exploration this year.

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