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Oil Businesses for Sale and Investment Opportunities in Miri

Showing 1 - 1 of 1 Oil Businesses for Sale and Investment Opportunities in Miri. Buy or Invest in an Oil, Oil Service and Equipment, Oil Surveying and Mapping, Oil Equipment or a Oil Service Business.

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Oil Services Company Investment Opportunity in Miri, Malaysia

Local company providing well intervention services in Malaysia looking for strategic investment.
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.
Local company providing well intervention services in Malaysia looking for strategic investment.
7.7   Miri
Run Rate Sales
USD 1 million
EBITDA Margin
10 - 20 %
Partial Stake Sale
USD 79 Mn for 70%
Contact Business
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Oil Services Company Investment Opportunity in Miri, Malaysia

Local company providing well intervention services in Malaysia looking for strategic investment.
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.
Local company providing well intervention services in Malaysia looking for strategic investment.
7.7   Miri
Run Rate Sales
USD 1 million
EBITDA Margin
10 - 20 %
Partial Stake Sale
USD 79 Mn for 70%
Contact Business
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