ADIL ANNOUNCES STRONG FINANCIAL RESULTS AND PLANS TO BUILD INTERNATIONAL LINKS DURING OFFSHORE EUROPE

ADIL, the Aberdeen-based independent energy consultancy focused on development and operations management support, has announced strong financial results for 2011 so far, with an expectation to almost triple its 2009 turnover. The value of contract wins has also increased by five-fold over the same period, from £3million to £15million.

Over the past two years the company has implemented a strong growth strategy, resulting in an increase in projected turnover from £4.5million in 2009 to £11.5million for the 2011 financial year.

With Offshore Europe bringing delegates from the global energy community to Aberdeen, ADIL views the conference as a key event at which to build overseas links and secure both local and international business opportunities.

ADIL has continued to expand since its inception in 2006; staff numbers in the last year alone have risen from around 30 employees to close to 100 in order to support the demand for the company’s field development projects and consultancy work.

An investment in excess of £1.2million has also been made into the provision of new offices and IT systems in Aberdeen in addition to the establishment of a London office. Since 2009, ADIL has secured contract wins in excess of £15million, covering more than eight projects in the UKCS that range from subsea tie-backs to a full green-field development West of Shetland.

Further development is expected over the next two years, with focus on growing the company’s operations and improvement capability and its London base in addition to expanding its overseas connections. Personnel are currently supporting projects with work in the Netherlands, Romania, China and the Middle East.

ADIL’s managing director, James Paton, said: “We have seen a renewed confidence in the oil and gas industry in the last two years and while ADIL performed better than expected in 2009, I am delighted with the substantial increase in projected turnover for 2011 and the increased business opportunities that are coming our way.

“We have a great client base and are looking to build on these existing connections, making new contacts at Offshore Europe and beyond as we look to ramp-up our activity further throughout the remainder of the year and into 2012. The significant growth in the value of contract wins is a testament to both our market-leading position and ability to provide a consistent and proven service to the energy industry.

“We have found that there is an international demand for our services, which include business management systems, supply chain and project services, positioning ADIL for future growth. These services are all transportable to new clients and geographical areas and we look forward to achieving our goals of expansion and internationalisation.”

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ADIL is an integrated development and operations management business established in 2006 to provide full field development and operations services to its operator clients, using tried and tested management tools developed in house by its experienced personnel. The service offering extends from field appraisal to abandonment and encompasses development and operations management, acquisition support, due diligence and non-operated joint-venture assistance, performance improvement, licence operations management and full supply chain support.

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