Convex advised the Shareholders of Drilling Systems Limited, the world’s leading drilling and downhole simulation company, on their sale to Blue Water Energy, a specialist private equity firm focused on the energy sector.
Bournemouth based Drilling Systems with 100 employees globally, offers a wide range of simulators, software and training products and services for the oil & gas industry. Its core DrillSIM product range simulates drilling and well control operations and the company has an installed base of over 800 systems worldwide.
Drilling Systems has been at the forefront of oilfield training simulation technology development for more than 25 years. The company has supplied simulators in over 40 countries and delivers the technology to enable clients to deliver first class training and competency assessment in the oil and gas sector.
The company provides an integrated one stop service from concept through to installation and training for its products. Drilling Systems have dedicated technical support teams in the UK, Houston and Dubai.
Clive Battisby, the newly appointed CEO of Drilling Systems comments “Blue Water Energy is a strong partner for this new and exciting growth phase of our business. We have built very valued relationships with many of the world’s leading oil producers, service companies and training providers. We have ambitions to grow our business further, and the investment by Blue Water Energy will support this endeavour. Further international expansion and investment into enhanced state of the art products and services will be a primary focus. Blue Water Energy’s depth of sector knowledge and relationships combined with its track record of building international oilfield service companies makes it an ideal partner during the Company’s next phase of growth.”
For more information about Drilling Systems visit their website here
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