NORTH-EAST oilfield service company Romar International said yesterday it had signed its biggest deal yet.
It has won a contract, believed to be worth up to £2.5million, from oil and gas operator Hess to support the decommissioning and abandonment of 30 North Sea wells over the next four years.
Romar will provide equipment and personnel to recover metal cuttings for US-based Hess.
The deal comes less than two months after Romar said it would add five people to its 10-strong workforce to fulfil a similar contract it won with Shell UK.
Chairman George Yule said: “We are delighted to have been selected by Hess to support its decommissioning activities and look forward to developing a strong and successful relationship in pursuit of the project objectives.”
Romar has reported year-on-year growth of 40% against its 2010 performance, with revenue in the year to date fast-outstripping the £1.8million seen 12 months earlier.