OILTECH

What OILTECH does

OILTECH is an Italian process engineering consultancy, founded in 1997 and headquartered in Milan, that delivers specialized process design and engineering services to EPC contractors, large engineering firms, and skid-mounted plant manufacturers. The company was converted from a partnership to a limited liability company (srl) in 2009 with €40,000 of paid-in share capital, and as of 2021 holds "Innovative SME" (PMI Innovativa) status alongside integrated ISO 9001, ISO 14001, and ISO 45001 certifications. Its customer base spans major oil & gas operators and EPC contractors (WOOD, SAIPEM, ADNOC, ENI, PETRONAS, JACOBS, Stogit, North Oil Company/Qatar Petroleum) as well as chemical and pharmaceutical clients (VERSALIS, Dow Chemical, BASF, MERCK, Chiesi), with active project references across Europe, the Middle East, Africa, Russia, Central Asia, and Mexico.

The firm's core offering combines process simulation, basic and detailed engineering, and consulting on equipment selection and troubleshooting, using established commercial tools such as Aspen HYSYS, Aspen Plus, PRO/II, ANSYS Fluent, and HTRI. Approximately 95% of the workforce holds MSc or PhD qualifications, and the company reinvests more than 10% of annual turnover into R&D, including a research partnership with the University of Naples (DICMAPI) focused on biogas upgrading. Beyond its core oil & gas practice, OILTECH operates in refining, power, chemicals, biogas/biomethane, and — since the 2020 launch of the Biopharmatech business unit — pharmaceutical process engineering.

The business model is project-based consulting revenue, typically anchored by long-running relationships with large engineering clients and supplemented by a geographic joint venture with Al Mazroui Engineering serving the Gulf region. The company is privately held, with no disclosed outside investors or funding rounds; founder/General Manager Cosimo Boffa remains the principal figure. Revenue is not publicly disclosed, but a small organizational footprint combined with enterprise-grade client logos implies a specialty consultancy with single-digit to low-double-digit million-dollar revenue.

Name

OILTECH

Legal name

OILTECH srl

Website

https://oiltech.it

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

OILTECH is a Milan-based process engineering consultancy, founded in 1997, that provides specialized process design, simulation, and engineering support to EPC contractors, large engineering firms, and skid-mounted plant manufacturers in oil & gas, refining, power, chemicals, biogas, and pharmaceutical sectors globally.

Ownership category

akta.pro rank

Product category

Process Engineering Consulting

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Refinery Process Technology Licensing & Engineering (Process Design, Revamps) (EUALAGAM)

akta.pro secondary industries

Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Oil & Gas Water Treatment & Production Chemicals (IMAEAJAI)

Keywords

• Process engineering consulting
• FEED and basic engineering
• EPC project engineering
• Oil and gas treatment
• Biopharma process design

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Process Engineering Consulting Services: Consulting services provided across the complete lifecycle of plant facilities, from early-stage feasibility studies through conceptual configuration, FEED, basic engineering, detailed process engineering, and commissioning support. Services are tailored to individual client projects in Oil & Gas, Power, Chemical, and Biopharma sectors.
2. Project-based Engineering Services: Services delivered on a project basis including process design activities for FEED and basic engineering, detailed process engineering for EPC projects, and engineering and management for revamping projects.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

OILTECH is a process engineering consulting company that delivers customized process design solutions across the full lifecycle of industrial plants — from feasibility studies and conceptual configuration through FEED, basic engineering, detailed process engineering for EPC projects, and engineering/management of revamping projects. Services are provided to EPC contractors, large engineering companies, and skid-mounted plant manufacturers operating in the Oil & Gas, Power, Chemical, and Biopharma sectors, with particular specialization in crude oil and natural gas treatment units (cryogenic units, dehydration, dew-point control, sweetening) and gas processing.

Product overview

OILTECH is a process engineering consulting company offering specialized consulting services rather than discrete software products. The company provides a comprehensive suite of process engineering services including FEED (Front-End Engineering Design) and basic engineering, detailed process engineering for EPC projects, and engineering and management services for revamping projects. OILTECH serves multiple market sectors including O&G Upstream and Midstream, Refining, Power, Chemical Plants, Biogas and Biomethane, and Biopharma. The company operates primarily as a service provider to EPC contractors, large engineering companies, and skid-mounted plant manufacturers, delivering customized process design solutions. OILTECH's consulting services span the complete project lifecycle from feasibility studies through plant commissioning, with particular expertise in crude oil and natural gas treatment unit process design.

Differentiator

Problem solved

Functional benefit

Brands

• Biopharmatech: Business unit established in 2020 for biopharma sector services, including designing, preparation and execution of validation protocols (IQ, OQ, PQ) with reference to GMP.

Products and services

• FEED and Basic Engineering Services
• Detailed Process Engineering for EPC Projects
• Engineering and Management Services for Revamping Projects
• Biopharma Process Design and Validation (Biopharmatech) GMP-compliant process design, facility design, HVAC testing, and execution of IQ/OQ/PQ validation protocols for pharmaceutical and biopharmaceutical manufacturing facilities. Targeted at pharma and biotech operators building or upgrading manufacturing assets.
• Biogas and Biomethane Upgrading Consulting Consulting services for biogas-to-biomethane upgrading based on a proprietary low-pressure absorption process on a newly developed fixed bed, co-developed with DICMAPI (University of Naples). Targeted at agricultural biogas producers and CIB Service members.
• Dynamic Simulation, Pipeline Simulation and CFD Analysis Services Specialized engineering analysis services using Aspen HYSYS Dynamics, Aspen Plus Dynamics, Pipesim, OLGA, PipelineStudio, ANSYS Fluent, COMSOL Multiphysics, Siemens STAR-CCM+, HTRI Xchanger Suite, PRODE, and Aspen EDR — covering dynamic process simulation, steady/transient pipeline hydraulics, computational fluid dynamics for phase separation and flow assurance, and heat-transfer analysis.

Named customers14 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• DICMAPI (Dipartimento di Ingegneria Chimica, dei Materiali e della Produzione Industriale)coreStrategic or Co-development PartnerOILTECH cooperates with DICMAPI, the Chemical Engineering Department of the University of Naples, to develop innovative processes for biogas upgrading. OILTECH funded scholarships for postdoctoral researchers and awarded contracts to DICMAPI to perform experimental studies about CO2/CH4 separation by adsorption. DICMAPI also received laboratory instrumentation and a laboratory scale VPSA Unit to carry-out the research work.
• Al Mazroui Engineering Co. LLCcoreStrategic or Co-development PartnerSince its inception in 1986, Al Mazroui Engineering is one of the first Engineering, Trading and Services Company in the UAE, qualified with major industrial groups in the Gulf Countries. Al Mazroui Engineering has a commercial agreement to integrate their range of services with OILTECH specific know-how for Upstream, Midstream and Refinery applications. The JV OILTECH – Al Mazroui Engineering offers the opportunity to boost 'local content' to Italian contractors having projects in the Gulf Countries.
• ANIMPminorOthersANIMP is the Italian Association of Industrial Plant Engineering which represents companies operating in the industrial plant sector. OILTECH is a collective member and benefits from educational projects regarding scientific disciplines and updates about project management techniques.
• CIB – Consorzio Italiano BiogascoreStrategic or Co-development PartnerCIB represents the entire biogas and biomethane supply chain in agriculture and brings together more than 800 members, most of which are agricultural producers. OILTECH, being actively involved in the study of biomethane upgrading processes, is a member of CIB.
• CIB SERVICEcoreImplementation/ SI/ Consulting PartnerCIB SERVICE is the operational unit of CIB that provides services for owners of agricultural biogas and biomethane plants. OILTECH is a QUALIFIED PARTNER of CIB SERVICE and has an agreement to assist CIB ordinary members in the management of technical and administrative documentation relating to their production units.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Others

• Aspen Technology: Provider of Aspen HYSYS, Aspen Plus, and related process simulation software that OILTECH's engineers are certified on. Adjacent ecosystem enabler rather than a competitor, but its AI-augmented process design roadmap directly affects the productivity and pricing of consulting firms like OILTECH.

Broad incumbents

• Worley: Global engineering firm with strong energy, chemicals, and refining process design and project delivery capabilities. Comparable in serving the same IOC/NOC/EPC customer base on revamp, FEED, and detailed engineering mandates.
• KBR: Global engineering and government services firm with major refining, petrochemical, and gas processing technology and consulting practices. Comparable in providing process engineering and FEED services to NOCs, IOCs, and EPC counterparties worldwide.
• Saipem: Major Italian EPC contractor for offshore, upstream, and refining projects. Both a customer (Ghasha FEED endorsement, Gazprom-Neft AORC) and a comparable process engineering provider at much larger scale, with overlapping capability in gas processing, offshore, and refinery process design.
• Technip Energies: Global EPC and technology licensor for LNG, refining, petrochemicals, and hydrogen. Comparable process design and revamp services across the same downstream segments OILTECH serves, with the same Italian/European EPC client base.
• Wood: Global engineering and consulting major with deep oil & gas, refining, and chemicals process design capabilities. Also a direct customer of OILTECH (Ploiesti, Trecate, Zeeland, ISAB refinery mandates), illustrating overlap and the dynamic of large incumbents outsourcing to niche specialists.

Direct peers

• Stamicarbon (Maire Tecnimont Group): Licenses process technology and provides process design services for fertilizers and chemicals. Comparable model of pairing proprietary process know-how with engineering services, and overlap with OILTECH's downstream and chemical plant process design work.
• KT - Kinetics Technology: Italian EPC contractor specialized in oil & gas, petrochemical, and power projects. Comparable in Italian heritage and revamp / detailed engineering orientation, with overlap in serving similar EPC clients and downstream process scopes.
• NEXTCHEM (Maire Tecnimont): Maire Tecnimont subsidiary focused on process technology licensing and engineering for energy transition, hydrogen, biofuels, and circular economy. Highly comparable on technology licensing angle in biogas/biomethane and on serving downstream chemical and refining customers.
• TDE Macno: Italian process engineering and skid-mounted package specialist serving oil & gas and energy projects. Comparable niche scale, similar project-based engineering services model, and direct overlap in gas processing and treatment plant design for European and Middle Eastern clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oiltech-it/jobs

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OILTECH