Qserv
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Qserv is an oilfield service company that specialises in oil-well services operations, including wireline, coiled tubing and pumping services. The company also performs other engineering services, most notably pipeline services.
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History
The company, based in Portlethen, Aberdeen, Scotland, was founded in November 2001 by Tommy Dreelan, who is its managing director. The company name is a contraction of the slogan "Quality Service".[citation needed]
Business overview
Qserv has operations in the North Sea, Denmark, Indonesia, Norway, and Qatar and worked in 13 European countries in 2004.[citation needed] The company employs more than 300, and has an expected 2007 turnover target of £30m-£45m with EBITDA of £12m.[1][2][3]
Qserv was awarded the 2004 International Safety Award from the British Safety Council because of its zero accident rates, controlled safety policies, and commitment to health and safety.[2] Tommy Dreelan was named "Grampian Industrialist 2006" by Junior Chamber International Aberdeen.[4] Qserv was one of the five finalists in the Sunday Times’s Entrepreneur Challenge.[1] Qserv provides coiled tubing and pumping related services to BP in the North Sea.[5] In 2006, it acquired KCA Deutag's wireline and well-service division, and the coiled-tubing unit of Weatherford, which increased Qserv worldwide operations significantly.[6]
References
- ^ a b Penman, John, 2007-10-21, Aberdeen surfing the new oil boom, Sunday Times.
- ^ a b OilOnline, 2005-05-20, Qserv wins prestigious safety award.
- ^ Pipeline testing boost for qserv, Financial Times.
- ^ Forsyth, Ian, 2006, Qserv boss used to life in fast lane, Financial Times.
- ^ OilOnline, 2005-03-12, BP awards well services contract to Qserv.
- ^ Acquisitive qserv snaps up kca deutag business, Financial Times.
External links
See also
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