Sub Surface Safety Valve Manufacturer (SSSV) Saudi Arabia - TFX

This Texas-based company is raising $40M (USD) to build a precision manufacturing facility in Saudi Arabia for the sales and installation of critically needed Sub Surface Safety Valves (SSSV’s). Current Saudi demand is estimated at 1,620 SSSV’s per year at present, and is expected to reach 2,474 units. The Company is positioned to be the sole local content source provider for Saudi Aramco, and exporting to GCC and other oil producing operators globally. Off-take agreements are in hand for over $10M USD, with many more processing. Conditional leases for over 22,000 sq. meters have already been signed. Well “blow outs” caused by industrial accidents or terrorism are a major cause of environmental damage, and the “blow outs” release tens of thousands of tons of pollutants per well in the days and weeks it takes to stop the fire. Recent violent attacks on existing well heads have spurred urgent and expedited focus on containment and protection. SSSV’s are critical components of well completions. The SSSV’s protect installations against uncontrolled flow if there is catastrophic damage to wellhead equipment, and are designed to minimize the loss of reservoir fluids or production equipment, by “shutting-in” the well if a catastrophic surface or subsurface event occurs.
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
6,250,000
44,000,000
51,920,000
68,202,000
68,202,000
EBITDA
-2,612,100
18,121,837
23,805,529
30,822,105
30,650,510
%
0
41.1%
45.9%
45.3%
45.1%
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