Energy & Resources  •  Scotland  •  Growth

Founded in 2009, Aberdeen-based SPEX has rapidly developed as a specialised service provider and innovator of energetics products. These services and products are targeted primarily to both subsea and downhole environments in the global oil and gas industry.



Total BGF investment

£5 million

Investment date

Mar 2014

Head office


The financial support from BGF sped up our response, allowing​ us to invest in people, tools and manufacturing equipment while allowing SPEX to maximise the potential of existing technologies that the company believes will be transformational for well control. BGF's combination of capital and support was perfect​ for SPEX, and we were very pleased to welcome them on board.​
Jamie Oag​ , CEO