Business
Background
Petroleum Experts started in business in 1990. All members of the team have been involved in the development of software engineering products, as well as having extensive experience in Petroleum Engineering. The corporate strategy developed from this experience and a long-term business outlook were fundamental to the prompt success of Petroleum Experts.
The Business
The success of the business has be driven through a highly focussed and most importantly sustained drive to incremental and measurable steps in innovation of the new engineering modelling techniques that have brought direct bottom line production gains to the client - The Oil and Gas Companies.
A key to the companies long term business success has been its ability to influence its clients to adopt the technology which has been used as an enabler to have the oil companies organisation change to maximise not only production but their organisational and technical efficiency. This can be supported by direct reference to client companies.
Financial
As can been seen from the companies financial performance since outset both in terms of increase in Turnover and Profit the company is outstanding.
All product development is self financed. It does not seek any external funding for new product development. This enables Petex to focus on the technical innovation and quality of the technology
Petex has been is in the fastest growing technology companies for six of the seven years that Deloitte Fast 50 awards has been running in Scotland. Moreover within our sector and beyond our sustained profitability as percentage of turnover is exceptional.
More than 80% of the revenue comes from outside Europe.
Market Position
Over 280 clients worldwide. The company is recognised across the international oil and gas industry as the technical market leader within its area of expertise and has been ranked number one in all technical evaluations across the industry for more than eight years. Reference can be made to the clients
Petroleum Experts Client List