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BLACK GOLD Services Ltd.

 Company Info
Black Gold Services (B.G)
 Main Office (Sana'a)
P.O. Box 16957
Hadda Post Office
Sana'a, Yemen
Tel: 009671-420-059
Fax: 009671-420-060
Moblie: 009671-7012351
Email: balckgold@y.net.ye
Web Site: 
Aden Office:
P.O. Box 235
Aden, Yemen
Tel: 009672-252-073
Fax: 009672-255-117

 

 


Oil and gas services
 Company Vitals
2000 Revenue:  $514,479,000
2000 Net Income (Loss):  $2,235,000
Fiscal Year End: 12/31
Employees: 20
Incorporated In:  Yemen
Industry:  Business Services
Management
Name Title  Age  Compensation (optional)   
Nagib A. Ayesh Executive Manager   xx   
Emploeey 2 Financial Director   xx   
Emploeey 3 Financial Director   xx   

Business Description
Black Gold Services (B.G) is a company, established in Yemen. It is registered under the laws of Republic of Yemen and managed by Mr. Nagib A. Ayesh who has a sound experience and strong famelirity in the oil industry; more than 18 years .We act as agents, rendering services for several Petroleum Companies dealing in different aspects. Liaison between Service Companies abroad and the Petroleum Companies in Yemen. The company was formed in order to fill the gap in the market for such services, and to meet the increasing demands of nearly 23 oil companies that are exploring in Yemen. B. G is owned by El- Jabaly family group. El-Jabaly family has been in business since the early 40’s, operating in both the former Peoples Democratic Republic of Yemen, and the Yemen Arab Republic. The late Sheikh Ali Mohamed El-Jabaly, who founded the group, was engaged in real estate bussines, shipping and the import and export to and from Yemen .A well-qualified team that has acquired extensive experience in all aspects of the oil industry as well as general commercial trade supports El- Jabaly group.
Competitors
Our business is highly competitive. In Yemen we compete against a variety of independent logistics companies, such as ???? , ???? and ???, an affiliate of xxx as well as the in-house logistics capabilities of integrated oil companies, including ???, that operate in Yemen and offer such services to third parties. Competition in the logistics and supply chain management services business primarily involves factors such as price, service, safety record reputation of service providers, and availability and quality of transportation resources and materials handling of the type and size needed by the customer. We also supply MB Petroleum with local labor since it started working in the Republic of Yemen. We try to solve and minimize the problems with MB Rigs which is created by the Bedouins (In Marib) and local workers, which is working with Janna and Can Nexen. Till this moment we have not faced neither strikes nor kidnappings or any other kind of problems created at the locations from the Bedouins.We also supply Can Nexen, Total and D.N.O with oil pumps and chemicals needed in the wells.  

 Offering Status
Current IPO Status: ffffffffff
Proposed  Symbol:
Exchange:
Form Filed:
Share Type:
Est. Offering Amount: 
Expected Price: 
Est. Offering Expenses:
Total Shares: 
 Key Dates
Filing Date:  5hh5555
Exp. Pricing Date: 
Underwriters (Insurance Co.)
Role Name
Lead Manager Name & Web Address 1
Lead Manager Name & Web Address 2
Co-Manager Name & Web Address 3
Supporting Companies
Role Name
Issuer's Law Firm Name & Web Address 1
Underwriter's Law Firm Name & Web Address 2
Auditor Name & Web Address 3
Web and MIS Support Ibex Information Technology
Use of Proceeds
 

 

Companies Represented  by or Associated with Black Gold Services (B.G)
Specialized Role Name
Lead Manager Baker Petrolite  (USA)
Lead Manager Al- Khorayef Commercial Company  (Saudi Arabia)
Co-Manager MB Petroleum  (Oman) 
Lead Manager RBI Gearhart (USA)
Lead Manager Aggreko (UK)

Completed Contacts                                                                                    Value in US$
A contract between MB Petroleum and Jannah Hunt providing them with a work over rig.   ------------------------------
A contract between MB Petroleum and Jannah Hunt providing them with a work over rig.  
A contract between MB Petroleum and Jannah Hunt providing them with a drilling rig.  
A contract with Jannah Hunt supplying them with chemicals through Baker Petrolite.  
A contract with Yemen Hunt supplying them with chemicals through Baker Petrolite.  
  A three-year contract Between MB Petroleum and Can Nexen providing them with a work over rig.  
 An on call basis contract between MB Petroleum and  Can Nexen  providing them With a work over rig  
A contract Between MB Petroleum Total providing them services to get rid of the disposal water by the sprinkle system and also supplying them  electronic submersible pumps  through Baker Hughes (Centrilift)   
  A contract with D.N.O supplying them electronic submersible pumps through Baker Hughes (Centrilift).  
A contract with Can Nexen supplying them electronic submersible pumps through Baker Hughes (Centrilift).
Upcoming Contracts: Co. Name, Service, Date, Value (optional)                  
A contract between MB Petroleum and Jannah Hunt providing them with a work over rig.  

---------------

A contract between MB Petroleum and Jannah Hunt providing them with a drilling rig.  
A contract with Jannah Hunt supplying them with chemicals through Baker Petrolite.  
A contract with Yemen Hunt supplying them with chemicals through Baker Petrolite.  
A three-year contract Between MB Petroleum and Can Nexen providing them with a work over rig.  
An on call basis contract between MB Petroleum and  Can Nexen  providing them With a work over rig  
A contract Between MB Petroleum Total providing them services to get rid of the disposal water by the sprinkle system and also supplying them  electronic submersible pumps  through Baker Hughes (Centrilift)   
contract with D.N.O supplying them electronic submersible pumps through Baker Hughes (Centrilift).  
A contract with Can Nexen supplying them electronic submersible pumps through Baker Hughes (Centrilift).
Contracts Under Implemention                                                                                    Value in US$
A contract between MB Petroleum and Jannah Hunt providing them with a work over rig.   ------------------------------
A contract between MB Petroleum and Jannah Hunt providing them with a work over rig.  
A contract between MB Petroleum and Jannah Hunt providing them with a drilling rig.  
A contract with Jannah Hunt supplying them with chemicals through Baker Petrolite.  
A contract with Yemen Hunt supplying them with chemicals through Baker Petrolite.  
  A three-year contract Between MB Petroleum and Can Nexen providing them with a work over rig.  
 An on call basis contract between MB Petroleum and  Can Nexen  providing them With a work over rig  
A contract Between MB Petroleum Total providing them services to get rid of the disposal water by the sprinkle system and also supplying them  electronic submersible pumps  through Baker Hughes (Centrilift)   
  A contract with D.N.O supplying them electronic submersible pumps through Baker Hughes (Centrilift).  
A contract with Can Nexen supplying them electronic submersible pumps through Baker Hughes (Centrilift).
 

 

Send mail to balckgold@y.net.ye with questions or comments about this web site.
Copyright © 2001 Black Gold Services Ltd.
Last modified: اكتوبر 01, 2001