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Upstream Oilfield Development Testing Laboratory For Sale

Aberdeen, Aberdeenshire
Asking Price:
Available on request
Turnover:
£500K - £1M
Net Profit:
Available on request

Upstream oil and gas testing laboratory with premises in the UK for sale due to intended retirement of the MD from management of the company. Specialising in flow assurance measurements, drilling fluids testing and QA, general production chemical selection and testing, reservoir fluids testing, hydrocarbons analysis and sponsored R+D. Laboratories fully equipped with mainly bespoke facilities, test equipment and technologies to evaluate fluid properties and chemical requirements.

Client base mainly small to mid-cap exploration and production companies and project engineering companies. Existing wide client base and contracts throughout UKCS, Europe, Africa, Asia and Australia.

For sale as on-going concern requiring new management to take the existing business forward or as a fully equipped oil and gas test facility for a variety of entrants to the industry.

Property information

Property:

Leasehold

Leasehold Rent:

£60,000 per annum

Location:

Industrial Estates Aberdeen and Wareham

Premises Details:

Leasehold offices and laboratories at each location

Size in square feet:
3418 sq ft Aberdeen plus tarmac yard and gardens, 3342 sq ft Wareham

Business Operation

Expansion Potential:

Overseas markets and locations, field engineering and building on flow assurance services

Competition / Market:

Limited competition from other analytical laboratories

Reasons for selling:

Owner intending to retire to at most part time involvement

Employees:
10
Years established:
30

Other Information

Related Documents:
Relocatable:
This business can be relocated.

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