Dunedin Executes $117.29m EV Buyout
EV Offshore, downhole video technology specialist, finalized a $117.29 million management buyout, backed by Dunedin, UK mid-market buyout house. Based in Norwich, EV said it has become the downhole video application market leader within the oil and gas industry, resulting from a prior backing given from Lime Rock Partners. The company has reported global growth and expansion since its launch in 2000, recording an approximate increase of $32.24m in turnover from 2010 to 2014. EV's sees 85% of its revenues currently generated overseas. “Lime Rock Partners’ backing over the last four
EV Honored for Success in International Trade
U.K.-based downhole video technology specialist EV has been awarded a Queen’s Award for Enterprise in International Trade, which recognizes companies that have demonstrated growth in overseas business. EV won for its accomplishments in international activity following continued global growth and expanding from a solely U.K.-based company three years ago to one that currently operates in 12 countries. Francis Neill, EV chief executive, said, “We are deeply honored to receive this award, as the Queen’s Awards are held in the highest esteem. This is a huge achievement for us
EV Wins Offshore Achievement Award
U.K.-based downhole video technology specialist EV was awarded the Export Achievement accolade at the 28th Offshore Achievement Awards at a ceremony in Aberdeen. EV won for its accomplishments in international activity following continued global growth and expanding from a solely U.K.-based company three years ago to one that currently operates in 12 countries. Francis Neill, EV chief executive, said, “We are honored to receive this award, and proud that our international bases and experience have been recognized. We have focused on a path of sustained growth to reach this level of
EV Sees International Expansion
Downhole video technology specialist EV has recorded significant international growth by opening a new base in Australia. EV, a company in downhole video applications for the oil and gas industry, said it has seen rapid international expansion over recent years. The company’s new Australian base, located in Perth, has been established to aid local operations as well as provide a regional presence for projects in the area. Features of the new facility include a custom-built storage area for EV equipment, an electronics maintenance area, lithium battery storage area, System Integration
EV Launch Offshore Well Intervention Video Line Equipment
EV, a specialist in downhole video technology, has launched its Optis HD Electric line camera to the well intervention market, which they say can provide vital well diagnosis saving time and reducing risk. The revolutionary new technology, which was three years in development, allows operators to stream colour video, using the latest video technology combined with sophisticated high speed telemetry and video compression techniques. It has been designed for well integrity inspection and monitoring of downhole corrosion and mechanical damage and has successfully completed a wide run of 100 field trial
EV Opens Dubai Office
Downhole video technology specialist EV has recorded significant international growth by opening a new base in the Middle East, aiming to be the market leader in the region by the end of the year, estimating more than £1.25million ($2 million) in revenue in the region during its first year of operation. EV, a company in downhole video applications for the oil and gas industry, has seen rapid international expansion over recent years. EV’s new Middle East office, located in Dubai, opened in April of this year to aid local operations as well as provide a regional presence for
December 2025
