Phoenix Petroleum Services

From its base at Inverurie near Aberdeen, Phoenix Petroleum Services advises oil-industry clients from Venezuela to Indonesia on the most efficient ways of extracting oil and gas. Its expertise in designing oil wells has driven up profits by 73% a year from £957,000 in 1998 to £4.9m in 2001, when the company had 65 staff. The oilfield-services giant Schlumberger bought Phoenix last October for an undisclosed sum.

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Company details
CompanyPhoenix Petroleum Services
ActivityOil industry engineer
Annual profit growth72.66%
Latest profits £000s4,926
Latest sales £000s16,820

If applicable:

* supplied by company † annualised figure