Business For Sale

Oilfield Pipeline & Well Services

Scotland, United Kingdom


Asking Price: Annual Revenue:
$1,000,000 $1,351,877

Manufacturing: Non-classifiable


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RE: Oilfield Pipeline & Well Services Broker: Phillip Mather

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $1,351,877
Net Profit: Not Disclosed
Cash Flow: $491,652
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 249044107
Broker Reference #: 76931-643735

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Business Overview:

The business primarily specialises in providing gels and sealing materials for offshore and onshore oil industry applications. It manufactures Aqueous Gel Pipeline Pigs, Glycol Gel Pipeline Pigs, crosslinked and viscous gels and various different types of Sealing Products, and provides unique solutions for client’s problems associated with pipeline and well applications. Uniquely, the business has perfected the manufacture of gels from Kits® and biodegradable gel pigs with low and high temperature stability. A key facet of the business is that it maintains good relations with the supply chain to secure supply so it can react to urgent need in the market.

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Market Competition and Expansion:

The business is currently working on developing a gel for a non-oil & gas market. The total market size is estimated at £60bn to £80bn although the product will only operate in a small section of that overall market. The business has had contact with a business in Texas that works in the shale section of the industry. They are investigating the use of gels in wells to displace water and increase gas production. This will lead to increased production efficiency. Decommissioning is an opportunity for the business. Companies removing subsea equipment need to ensure that they do not pollute the water as they remove the infrastructure. In addition, any components being left behind need to be cleansed before the can be abandoned.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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