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Oakwood Theme Park is a theme park in Pembrokeshire, Wales which attracts over 400,000 visitors each year.
Oakwood opened in the late 1980s as a very small family park with BMXs, a wooden fort, a 3D-style cinema experience show, go-karts and a water chute ride. The park has in recent years acquired a reputation for innovation and now incorporates five large thrill rides: Megafobia (1996), Vertigo (1997), Bounce (1999), Drenched (2002, as Hydro) and Speed (2006).
In 2006 Oakwood opened its latest ride to the public: Speed, a Gerstlauer Euro-Fighter roller coaster with a 97-degree drop. This was the first Euro-Fighter in the UK and was at that time the steepest roller coaster in the United Kingdom, only being overtaken by the opening of Thorpe Park's Euro-Fighter Saw: The Ride in 2009 and Mumbo Jumbo at Flamingo Land Resort in the summer of 2009.
The 85-foot-tall (26 m) CCI-built wooden roller coaster "Megafobia" has been rated among the best in Europe by enthusiasts.