ADIL revenues rise by 53 pct

Increasing demand for ADIL’s specialist energy consultancy services has resulted in strong domestic growth figures for 2013 and positioned the company for the next stage in its international expansion strategy.

ADIL, which provides integrated development and operations management support to the energy industry, has reported a 53% rise in revenue to £31million and a 20% increase in employee numbers.

With 190 personnel in offices in Aberdeen and London, as well as teams in UK, Middle Eastern and Chinese sites, the steady growth will provide the platform for ADIL to expand its services in the production operations and software development sectors, and extend its international reach with an initial focus on Africa and south-east Asia.

James Paton, managing director of ADIL, said: “The significant growth in 2013 builds on our success story to date and is a clear indication of ADIL’s strong track record in delivering high value niche services which are underpinned by our technical expertise and innovation.

“We heavily invested in supporting infrastructure in 2013 as the foundation to expand our company both in terms of our people and our capabilities in line with market needs. This has included strengthening the management team with senior appointments in our projects and operations teams, both of which play a key role in our strategy for 2014 and beyond.

“Our London office is also an increasingly important base going forward as we look to grow, giving us access to new international opportunities.”

The company is currently providing field development services for projects with CAPEX in excess of £2.5bn. ADIL is predicting continued growth in the coming years from the international market.

“We want to maintain a focus on our traditional business but develop new offerings to enable diversification as we look to build our presence in the global arena,” added Paton.

“The UK North Sea will remain a critical market for us but there are significant opportunities in developing regions where experience, innovation and the ability to deliver high performance results are in demand.”

[mappress]

Press Release, April 25, 2014