EV, a specialist in downhole video technology, has recorded significant international success as it has increased its turnover by 1000% over three years and increased its global footprint to serve more than 300 customers.

During that period, the company has established itself as the market leader in downhole video applications for the oil and gas industry.

In the last financial year, ending March 31st 2013, EV grew its turnover to £11.25million, a rise of 70% over the previous year. In the same period, the company invested £1.9million in tools and equipment.

EV anticipates further strong growth for the next financial year as it continues to invest heavily in continuing geographical expansion, R&D and new equipment.

Francis Neill, EV Chief Executive, said: “EV is a great success story. Our strategy of investing heavily in R&D to develop industry leading technology is bearing fruit. Customers around the world are seeing how downhole video technology can reduce risk and help to solve problems. As a team we pride ourselves in our ability to respond quickly and being easy to do business with.

“We now operate from 17 bases worldwide and will continue to expand so that we can provide a local service, responsive to customer needs.

Tags: EV Offshore Ltd