Port Harcourt, Rivers
$12,500,000
| Property Ref: 3034409 | Added On: 15 Aug 2025 | Last Updated: 15 Aug 2025 |
| Market Status: Available | Type: Factory |
****EXECUTIVE SUMMARY****
For sale:
A fully operational, wholly indigenous Oil & Gas service company with established licenses, accreditations and turnkey facilities in Port Harcourt.
Asking price: $12.5 million.
The business, established in 2000, offers a rare opportunity to acquire a vertically integrated service provider with bluechip clients, multiyear contracts, specialist accreditations and substantial onshore assets including an industrial yard and a premium guesthouse.
COMPANY PROFILE
- Business Type: Oil & Gas Service Company (Outright sale)
- Year Established: 2000
- Ownership: Wholly indigenous
- Asking Price: $12,500,000
- Primary Locations: Operational yard within Port Harcourt City; guest house asset within Port Harcourt
KEY ASSETS & FACILITIES
Operational Yard (approx. 7 plots)
- Maintenance warehouse and fabrication workshop configured for heavy duty fabrication and repair.
- Sandblasting and painting cubicle for surface treatment and corrosion protection.
- Line of office blocks for operations, admin, project management and client interface.
- Storage containers and secure laydown areas for equipment and spares.
- Mobile and fixed security offices ensuring 24/7 site security and controlled access.
- Heavy plant & equipment: Grove (or equivalent) crane, forklift, and a comprehensive range of inspection and NDT tools and test equipment.
Guest House (approx. 6 plots)
- Multistorey building with roof terrace.
- Mixed accommodation: 2bedroom and 3bedroom flats, serviced rooms suitable for expatriates or staff.
- Onsite amenities: swimming pool, bars and offices
--- ready for immediate revenue generation or staff/visitor housing.
CORE SERVICES & CAPABILITIES
- Non Destructive Testing (NDT) --- full suite of methodologies for pipelines, vessels and structural components.
- Calibration, Instrumentation & Pressure Testing --- certified calibration and pressure test services.
- Lifting Equipment Inspection & Certification --- inspection, certification and maintenance for offshore/onshore lifting gear.
- Construction Welding & Fabrication --- bespoke fabrication for structural, piping and support equipment.
- Engineering & Maintenance Services --- planned and corrective maintenance for oil & gas plant and facilities.
- Marine Vessel Surveys / Hull Thickness Gauging --- inshore marine inspection capability.
- Manpower Supply, Recruitment & Training --- supply of trained technical personnel, plus training capability.
- Agency & Technical Partnerships --- exclusive agency arrangements for specialised marine lifesaving equipment and davits.
ACCREDITATIONS, AFFILIATIONS & PARTNERS
- Department of Petroleum Resources (DPR) accreditation
- Nigerian Petroleum Exchange (NIPEX) membership
- Lifting Equipment Engineering Association (LEEA) certification
- British Standards Institution (BSI) certification
- ACEBI partnership/agency (French specialist in life/rescue boats, davits and marine deck equipment)
- Technical Support Services and other international technical partners
KEY CLIENTS (Representative)
- Total E&P
- Shell Petroleum
- ExxonMobil
- Aveon
- Spie
- Total Energie
- Nigerian National Petroleum Corporation (NNPC)
CURRENT CONTRACTS & REVENUE STREAMS (Running Contracts)
- Annual 5year inspection, maintenance and recertification of lifeboats for Total.
- Frame agreement for local technical assistance services with Total.
- Frame agreement for foreign technical personnel services.
- ACEBI sole agency contract for lifeboats for Total and ExxonMobil.
- Multiple calloff contracts in place with principal clients --- providing recurring revenue and pipeline work.
OPERATIONAL STRENGTHS & COMPETITIVE ADVANTAGES
- Long operational history (since 2000) with established procedures, HSE culture and operational track record.
- Bluechip client base and standing frame agreements that demonstrate trust and repeat business.
- Accredited certifications (LEEA, BSI, DPR, NIPEX) that position the company to compete for major contracts.
- Strategic Port Harcourt yard location with integrated fabrication, maintenance and inspection facilities.
- Vertical capabilities from inspection through fabrication and commissioning, enabling bundled service offerings.
- Exclusive technical agency (ACEBI) providing competitive product and service differentiator for lifeboats/davits and marine equipment.
- Existing tax rebate (in excess of 200 million) and other fiscal advantages to improve nearterm cash flow.
- Institutional relationships and 23 years' engagement with local content authorities facilitating expansion and funding opportunities.
GROWTH & VALUE CREATION OPPORTUNITIES
- Scale up maintenance & inspection capacity to capture additional frame agreements across operators.
- Expand rental/asset hire and specialised inspection services (e.g., phased expansion of NDT fleet).
- Leverage guest house asset for corporate accommodation and higher yield hospitality use for contractors/expatriates.
- Introduce turnkey project delivery packages (design, fabricate, install) to increase margins.
- Pursue regional expansion to other Gulf of Guinea hubs and onshore terminals.
- Monetise agency relationships by expanding equipment sales, spares and aftersales contracts.
FINANCIAL / COMMERCIAL HIGHLIGHTS (as provided)
- Asking Price: $12.5M (outright sale)
- Noted tax rebate: in excess of 200 million (to be verified during due diligence)
- Established cash flows and ongoing contractual income from running contracts and frame agreements
TRANSACTION & NEXT STEPS
- Sale type: Outright sale of company and operating assets.
- Documentation available: Licenses, accreditations, running contracts, asset register, payroll, tax records and title documents --- available upon formal request.
- Confidentiality: Detailed information and financials available subject to NDA.
- Due diligence: Prospective buyers invited to carry out operational, legal, financial and technical due diligence.
- Preferred buyer profile: Strategic industry buyer, private equity with energy services focus, or consortium seeking a turnkey service platform in Nigeria.
WHY THIS IS A RARE OPPORTUNITY
- Established, fully operational business with specialist accreditations and agency agreements.
- Strong client portfolio and multiple frame agreements that provide a predictable revenue base.
- Strategic onsite assets and guest accommodation that support immediate operations and growth.
- Compelling entry price relative to cost/time to build equivalent capabilities and client relationships from scratch.
CONTACT
For further information, NDA execution and to request the data room or site visit, please contact us.
Note: All figures and statements are subject to verification during formal due diligence.
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Our team reviews your request and assigns a dedicated relationship manager.
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We conduct due diligence and arrange site visits.
Viewings are by appointments only
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