Pounds for platelets

Aberdeen University spin-out company Brinker Technology has completed a £3m deal with Epi-V, a new specialist oil and gas private equity fund.
Brinker Technology has developed and patented a new technique to remotely locate and seal leaks in oil and gas production and pipelines. In use, platelets are released into a pipeline at a convenient location and are carried along to the leak site by the flow in the line. When the platelets reach the leak site, the pressure differential across the pipe wall forces them into the leak - providing a seal and restoring integrity to the line.
Formed in 2002, the business has seen steady sales with revenues more than quadrupling since 2004. The company estimates that the size of the market for the technology is in the region of £50m per year.
For its part, Epi-V has invested £3m for a 42 per cent stake in the business. Prior to the completion of the deal, Francis Neill, who has 25 years of oilfield service industry experience with Schlumberger, Kvaerner and Expro, was appointed as managing director.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
UK car production falls in April
Might the ´combination of factors´ include, in the face of stagnant EV sales, manufacturers reducing ICE car production in order to avoid the £15,000...