London 2nd April 2015 – Drilling Systems Ltd, the world’s leading drilling and downhole simulation company, today announced it has been acquired by Blue Water Energy, (BWE), a London based private equity firm focused on the energy sector.
Bournemouth based Drilling Systems with 100 employees globally, offers a wide range of simulators, software and training products and services for the oil & gas industry. Its core DrillSIM product range simulates drilling and well control operations and the company has an installed base of over 800 systems worldwide.
Clive Battisby, the newly appointed CEO of Drilling Systems comments “Blue Water Energy is a strong partner for this new and exciting growth phase of our business. We have built very valued relationships with many of the world’s leading oil producers, service companies and training providers. We have ambitions to grow our business further, and the investment by Blue Water Energy will support this endeavour. Further international expansion and investment into enhanced state of the art products and services will be a primary focus. Blue Water Energy’s depth of sector knowledge and relationships combined with its track record of building international oilfield service companies makes it an ideal partner during the Company’s next phase of growth.”
BWE Partner Graeme Sword states, “This is another exciting company to add to the BWE portfolio; Drilling Systems has grown over the past 25 years to become a market leader in its field, and this investment continues our strategy of building global, market leading companies. Training and competency enhancement will be a strategic priority in the oil & gas industry for the coming years, and we believe Drilling Systems is well positioned in this growing market.”
For further information on this release please contact:
Gran Potter, Blue Water Energy. Tel: 0207 290 5090. [email protected]
Clive Battisby, Drilling Systems Ltd. Tel: 01202 582255. [email protected]
About Drilling Systems Ltd.
Drilling Systems has been at the forefront of oilfield training simulation technology development for more than 25 years. The company has supplied over 800 simulators in over 40 countries. Drilling Systems delivers the technology to enable clients to deliver first class training and competency assessment in the oil and gas sector. The company provides an integrated one stop service from concept through to installation and training for its products. Drilling Systems have dedicated technical support teams in the UK, Houston and Dubai and employ over 100 people worldwide.
For more information please visit: www.drillingsystems.com
About Blue Water Energy:
Founded in 2011, Blue Water Energy is a leading global middle market energy private equity firm based in London. The firm primarily targets private equity investments in the upstream and midstream/downstream energy supply chain, while partnering with best-in-class management teams and utilising a network of seasoned investment and operating professionals that drive value throughout all aspects of the investment process. Its Partners have on average 25 years of relevant experience and, complemented by a seasoned investment team, the Blue Water Energy investment team possess combined experience spanning over 160 years.