Aberdeen-based Balmoral Group generates international sales through a subsidiary equipment for the deep-water oil and gas industry. Clients are chiefly platform construction and drilling contractors as well as the oil-processing ships that support the platforms. Recent high oil prices and slowing production in shallow water oilfields have driven demand for deep-water drilling and exploration. This has helped overseas sales to grow 74% a year, from £6.7m in 2007 to £20.2m in 2009.
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.