Abbot Group

Leading provider of drilling and engineering services to the oil and gas sector

• Key service lines include:
• Operating land rigs across a broad range of geographies – including Europe, Russia, Middle East and Africa
• Managing offshore platform rigs in the UK, North Sea and Norway
• Managing jack-up rigs and self erecting tender rigs of third parties as well as of its own
• Rig manufacturing business with facilities in Germany and Russia
• Rig design services and other engineering services
• Majority of revenues are from operating land rigs and managing offshore platforms

Investment Thesis

• Growing demand for land drilling services on Abbot’s markets
• Leading market position in current high growth markets
• Successful business model for sustainable growth
• Strong earnings visibility
• High barriers to entry
• Opportunity to further accelerate growth in Russia

Website

Company: www.abbotgroup.com