Oil Services Company Investment Opportunity in Miri, Malaysia
Local company providing well intervention services in Malaysia looking for strategic investment.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 900 thousand - 1 million |
| Run Rate Sales | USD 1.05 million |
| EBITDA Margin | 10 - 20 % |
| Industries | Oil Services |
| Locations | Miri |
| Local Time | 7:16 AM Asia / Kuala Lumpur |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
83 million
for
70.0%
stake
(Native Currency: MYR 350,000,000)
Reason: Based on the outlook and oil & gas production in Malaysia, with sufficient investment and partnershi...
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Includes physical assets worth
USD
2.37 million
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Documents
Business Model
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Market Validation
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Market Size
(345.2 KB)
Road Map
(255.6 KB)
ROS Certificate
(668.4 KB)
Business Overview
-We are a local company specializing in Well Intervention Services, serving more than 10 clients in Malaysia and neighboring countries (Brunei, Singapore, Indonesia, Thailand, and Vietnam).
- As the only East Malaysian company, we strive to empower the locals and provide proper training and exposure to prepare our employees. We do hire employees on a contract basis, depending on the projects.
- We won our first slickline contract in March 3 years ago, with a total duration of 3 years.
- We are on the verge of signing an MOU with Greatwall Drilling of China to venture into the complete oil services business, especially in Sarawak, since we are a Sarawakian company.
- Along the line, we are negotiating with Petroleum Sarawak to be involved in E&P and O&M for a few offshore facilities as well as a few offshore & onshore acreages.
- We have good relations with oil operators, regulators, and state governments that are technically sound as well. The company founders are all former Schlumberger engineers with more than 40 years of accumulated experience globally.
- As the only East Malaysian company, we strive to empower the locals and provide proper training and exposure to prepare our employees. We do hire employees on a contract basis, depending on the projects.
- We won our first slickline contract in March 3 years ago, with a total duration of 3 years.
- We are on the verge of signing an MOU with Greatwall Drilling of China to venture into the complete oil services business, especially in Sarawak, since we are a Sarawakian company.
- Along the line, we are negotiating with Petroleum Sarawak to be involved in E&P and O&M for a few offshore facilities as well as a few offshore & onshore acreages.
- We have good relations with oil operators, regulators, and state governments that are technically sound as well. The company founders are all former Schlumberger engineers with more than 40 years of accumulated experience globally.
Products & Services Overview
Our current operation is focused on wireline services (slickline, eline logging, & perforation services) with Petronas, Shell, Roc Oil, JX Nippon, and PTTEP (previously known as Murphy Oil).
Assets Overview
The physical assets owned by the company are:Wireline Downhole Tools.
Wireline Logging Tools.
Wireline Surface Equipment.
Office Containers.
Facilities Overview
We are currently operating in Kuala Lumpur, Miri, Bintulu, and Labuan. Our Labuan warehouse is approximately 5,000 square meters. Our headquarters are in Miri, and we are located in Marina Park City.
Capitalization Overview
We were self-funded by friends and family, and we obtained loans from banks for our first packages.Our debts in total are approximately USD 3.1 million.
There are currently 5 partners, with shareholdings of 80%, 5%, 5%, 5%, and 5%. I’m holding 80%.
Recent Activity
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Earlier than 15 daysManaging Partner, Banking, Kuala Lumpur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Real Estate Consultancy And Investment, Lisbon, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysBusiness Development Manager, Kuala Lumpur, M&A Advisor connected with the Business
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