International Oilfield Drilling Supplies Limited (In Administration)

Acquisition Opportunity

Hilco is seeking offers to acquire the intellectual property assets of International Oilfield Drilling Supplies Limited (In Administration) (the “Company”) on behalf of the Joint Administrators of the Company, Michelle Elliot and Allan Kelly of FRP Advisory Trading Limited.

Background

Prior to Administration, the Company developed specialised welding overlay and corrosion-resistant cladding solutions. The focus of the technology was primarily on serving the oil and gas sectors, including offshore and subsea industries, where durability and reliability are critical. The technology developed by the Company was utilised in a state-of-the-art custom-built facility in East Kilbride, Scotland, equipped with cutting-edge technologies such as hot-wire TIG welding and pipe cladding systems.

The benefits of the technology developed by the Company lay in its ability to extend the lifespan and improve the performance of oilfield infrastructure by protecting critical components against corrosion and extreme environmental conditions, allowing oil and gas operators to maintain high operational efficiency while reducing the frequency of expensive repairs and replacements.

Over the years, the Company built a solid reputation for delivering bespoke solutions that met rigorous industry standards, establishing long-term partnerships with major industry players. The Company’s advanced techniques were known for their precision and the consistent high-quality results they produced, particularly in the fabrication and maintenance of pipes and subsea components.

This acquisition offers the opportunity to obtain intellectual property from a Company that had established itself as a key player in the specialised niche of welding overlay and cladding within the oil and gas sector.

Available Asset

Specialised Welding and Cladding Methodologies

The Company’s intellectual property surrounding its proprietary welding overlay and corrosion-resistant procedures is available to acquire. These techniques involve advanced hot-wire TIG welding methods specifically designed to offer enhanced corrosion protection for pipelines, fittings, and critical subsea components.

This proprietary knowledge includes precise technical parameters such as temperature control, welding equipment configurations, and material handling protocols that ensure the consistent delivery of high-quality, corrosion-resistant cladding. These procedures are critical for maintaining the integrity and longevity of vital components in high-stress environments like offshore oilfields, where failure is not an option.

This intellectual property is especially valuable for companies looking to expand their expertise in the oil and gas sector or those with an interest in advanced welding and fabrication. The highly detailed welding processes developed by the Company can be easily transferred to operations that have the appropriate infrastructure and technical capabilities, offering significant potential for increasing operational efficiency and product quality.