This Aberdeen-headquartered group has 6,500 staff worldwide, manufacturing, operating and servicing drilling rigs for oil and gas customers. It operates about 100 rigs, the majority onshore. Pamplona Capital acquired a controlling stake in 2010 and refinanced £484m of its debt in 2014. In 2016 sales fell 14% to £936m because of the drop in oil and gas sector activity. Led by chief executive Norrie McKay, 58, it is expanding into geothermal energy, recently announcing a contract for two wells in Holland.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.