Ocean Resource Ltd

Ocean Resource Ltd is a design and engineering consultancy in the offshore oil and gas sector. The firm was founded in 1993 and is located in Chepstow on the Welsh/English border, employing 30 highly skilled people. Ocean Resource Ltd is an innovative firm and is committed to creating and developing some of the world’s revolutionary breakthroughs in technology for the offshore and sub-sea engineering industry. The company is recognised as the market leader in automated unmanned sophisticated buoy systems and is currently carrying out development work for some of the largest gas and oil producers in the world.

The growth of the firm has been assisted by the support of both the Welsh Office and the Welsh Development Agency and the innovations produced by Ocean Resource Ltd can be seen anywhere from the shores of North Wales to those of Northwest Australia. The firm is also committed to an environmentally aware design approach in all of its innovations, and has achieved the quality standard ISO 9001. During the last three years, turnover has increased by a staggering 523% from £250,000 in 1996 to over £1.5 million in 1998.

Growth: 529.4%