Mark Cavanagh, managing director of Crandale Consultants, has acquired Oil Plus Ltd., a specialist oil and gas consultancy based in Berkshire, south England. Cavanaugh, an energy industry entrepreneur, acquired the business from John Crane Inc., a division of Smiths Group plc, for an undisclosed value.
Oil Plus plans on adding to its workforce over the next 12 months as it targets double-digit growth and forecasts turnover of £3million.
Cavanagh has more than 25 years of experience in the oil and gas industry, primarily in project management and the population of asset management systems.
Oil Plus provides global oilfield water management, production chemistry, microbiology, reservoir souring and process engineering consultancy expertise. Specializing in water treatment design, troubleshooting and the prediction and control of corrosion, fouling and reservoir souring, the company provides field experience, personnel and laboratory facilities to help optimize oil and gas production and reduce operating costs while ensuring compliance with health and safety and environmental standards.
The current management team at Oil Plus remains in place and will continue under the leadership of Kevin Murray as managing director.
Oil Plus was founded in 1978 as a joint venture between BP and Plenty Ltd. to provide process chemistry and engineering support services for BP’s Forties oilfield. In 1982, BP sold its shareholding to Plenty’s parent company Booker McConnell. Booker McConnell (re-named as Booker) sold Oil Plus Ltd. to EIS, purchased several years later by TI Group which was then consolidated with Smiths Industries, now known as Smiths Group plc.