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rovop.com

Stage

Growth Equity - II | Alive

Total Raised

$90M

Last Raised

$75M | 5 yrs ago

About ROVOP

ROVOP is an independent specialist operator of Remotely Operated Vehicles (ROVs) servicing the offshore oil & gas and renewable sectors.

ROVOP Headquarter Location

Silvertrees Drive Westhill

Aberdeen, Scotland, AB32 6BH,

United Kingdom

+44 (0) 1224 472565

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Research containing ROVOP

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ROVOP in 1 CB Insights research brief, most recently on Sep 27, 2021.

Expert Collections containing ROVOP

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ROVOP is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

504 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

Latest ROVOP News

ROVOP Names New President for Americas. Eyes Offshore Wind Opportunities

Sep 9, 2021

September 9, 2021 Daniel Wheeler - Credit: ROVOP Remotely operated vehicles specialist ROVOP has appointed Daniel Wheeler as its new President for the Americas, to lead the company in Houston as it prepares for its next phase of growth in the region both in oil and gas and in the emerging offshore wind sector there. "The growth comes on the back of a number of recent contract wins in the oil and gas sector, including ROVOP’s first contract with Sapura Energy to provide trenching and survey support off Mexico," ROVOP said. Wheeler, a US Navy veteran, has worked in the ROV industry for more than 13 years across various roles including ROV Supervisor, Technical Manager and Vice President of Business Development. "With several new contracts now in the pipeline, ROVOP has embarked on an active recruitment campaign to increase the 30-strong Houston-based headcount by at least fifty percent, to support future and existing clients, including its ongoing work for a major Tier 1 contractor on projects around the world," ROVOP said. According to the company, ROVOP's focus in North America has mainly been on oil and gas, but the company is now targeting new opportunities in the emerging offshore renewables sector, particularly offshore wind. Wheeler said: "With the new focus on green energy in the US, the offshore wind sector will present huge opportunities on both the east and west coasts. ROVOP’s proven capability has supported wind farm developments in the North Sea and across the globe, so we already have the skills and expertise that are transferrable to our renewables work in the US.” Since opening its new 22,000 ft2 facility in Houston in 2015, ROVOP has said it has seen year on year growth with revenue rising to $10million and the company is predicting that will grow to $16million within the next three years. “We have a very strong presence in the USA and South America, we’re working in the US Gulf and in Mexico and in Trinidad & Tobago and we’re about to step up activity in Brazil,” said Wheeler. “I want to build on the existing foundations which have already been established here. There is huge growth potential across the Americas and my focus will be on growing our business and taking it to the next level. "We’re turning the corner from the downturn, the renewables industry is starting to take off in the US and with that, along with the oil & gas market we have here, I see a bright future ahead.”

ROVOP Web Traffic

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ROVOP Rank

  • Where is ROVOP's headquarters?

    ROVOP's headquarters is located at Silvertrees Drive, Aberdeen.

  • What is ROVOP's latest funding round?

    ROVOP's latest funding round is Growth Equity - II.

  • How much did ROVOP raise?

    ROVOP raised a total of $90M.

  • Who are the investors of ROVOP?

    Investors of ROVOP include BGF, Blue Water Energy and Scottish Loan Fund.

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