
BiSN
Oil Field Sealing & Downhole Sealing Solutions.
GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 94 % | 23 % | 43 % | (19 %) | 12 % | (12 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | - | - | 3 % | 25 % | 11 % | 10 % | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (35 %) | 24 % | 14 % | 24 % | 13 % | 23 % | 18 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
BiSN is a pioneering company in the oil and gas industry, specializing in advanced downhole sealing solutions. The company leverages its unique modified thermite heater technology to provide metal-to-metal seals, breaking away from traditional elastomer seals and cement plugs. BiSN serves a diverse range of clients, including field engineers, intervention specialists, and completion engineers, particularly those involved in complex plugging and abandonment (P&A) operations. The company operates in key markets such as the Permian Basin in West Texas, the North Sea in Norway, and offshore Australia, among others.
BiSN's business model revolves around providing innovative sealing solutions that address long-standing issues in the oil and gas sector. The company generates revenue through the sale and implementation of its proprietary sealing technologies, which are designed to enhance the safety and efficiency of well operations. BiSN's solutions are particularly valuable in scenarios requiring the elimination of gas migration, sealing multiple annuli during well abandonment, and repairing leaking DV tools.
The company has a strong research and development focus, with facilities in North West England, UK, and Houston, USA, as well as an office in Calgary, Canada. The UK facility includes a specialist alloy development laboratory, while the US location houses a thermite specialist team. This R&D capability allows BiSN to continually innovate and improve its product offerings, ensuring they remain at the forefront of the industry.
Keywords: downhole sealing, thermite heater, oil and gas, well abandonment, gas migration, metal-to-metal seals, Permian Basin, North Sea, research and development, intervention specialists.