Oilfield Service Companies: Qserv

Qserv is an oilfield service company that specialises in oil-well services operations, including wireline,coiled tubing and pumping services. The company also performs other engineering services, most notably pipeline services.

History

The company, based in Portlethen, Aberdeen, Scotland, was founded in November 2001 by Tommy Dreelan, who is its managing director. The company name is a contraction of the slogan "Quality Service".

Business overview

Qserv has operations in the North Sea, Denmark, Indonesia, Norway, and Qatar and worked in 13 European countries in 2004. The company employs more than 300, and has an expected 2007 turnover target of £30m-£45m with EBITDA of £12m.

Qserv was awarded the 2004 International Safety Award from the British Safety Council because of its zero accident rates, controlled safety policies, and commitment to health and safety. Tommy Dreelan was named "Grampian Industrialist 2006" by Junior Chamber International Aberdeen Qserv was one of the five finalists in the Sunday Times’s Entrepreneur Challenge. Qserv provides coiled tubing and pumping related services toBP in the North Sea. In 2006, it acquired KCA Deutag's wireline and well-service division, and the coiled-tubing unit of Weatherford, which increased Qserv worldwide operations significantly.