Profile number 65738
Patent Whipstock Circulation Adapter
11/06/2018 Date added
Located in
The Netherlands
General information
Sector
Engineering
Type of company
Other
Legal entity
None
Type of transaction
Shares
Life phase enterprise
Full-grown
Employees in FTE
< 5
Type of buyer
- MBI candidate
- Strategic acquisition
Financial information
Turnover last financial year
€ 1.000.000 - € 2.500.000
Asking price
€ 250.000 - € 500.000
Earnings before taxes
Confidential
Company activities
Whipstock Circulation Adapter Whipstock Circulation Adapter. Our client created and patented a new “Circulation Adapter" for an existing slightly modified "Piling Whipstock" used at slot recoveries at oil rigs off-shore. Client came across many occasions where it took a long time to set a whipstock below mud-line / under seabed, this mainly because gravel and sand was caving in on top of the stump. Therefore usually drill-pipe/collars are used to wash the area around the stump clean, and sometimes even heavy mud is pumped in the cavity to avoid debris falling on top of the stump. Usually this way of working takes several days up to more than a week, divers or ROV’s regularly are used. Depending on the rig size this operation becomes really expensive.
Unique selling points
With this patented “Whipstock Circulation Adapter” one can set the conductor in one run, in one day. The WCA also works on concentric stumps. The WCA will save the principal lots of time and money, using the WCA may make the difference between go or not go, and gives the serving company the opportunity to get the slot recovery order. The price for a WCA can be substantially higher than the known whipstock. Owning the 2017 patent of the WCA places the new owner in a unique position, either saving principals lots of money, or to get more slot recovery orders at higher profit. The inventor would be pleased to inform interested parties professionally after a signed NDA.
Patent Whipstock Circulation Adapter
Region
The Netherlands
Sector
Engineering
Type
For sale
Turnover
1.000.000 - 2.500.000
Overname
250.000 - 500.000