George Yule Romar chairman said: “We are really enthusiastic about both of these initiatives as it addresses the opportunities within overseas markets which we consider as significant building blocks in the planned future growth of Romar. We are really pleased to be working alongside indigenous companies with such impressive credentials as Petroproducts and Intergas.
“Romar has experienced around 30% year-on-year growth against our 2010 performance, which is thanks to all of the staff here as they have embraced the changes in the business over the past year – we look forward to expanding our international footprint even further in future.”
Bertrand de Lassus, President of Intergas said: “As an established oilfield service company operating in the Bolivian drilling sector, we recognised the significant potential there was in this region for ROMAR’s products and services.
“Intergas Servicios Petroleros is pleased to have formed this business collaboration with ROMAR International and we look forward to building a stronger presence for both companies in the local market.”
Kjell Kittang, managing director of Petroproducts in Norway said: “Given the planned increase in drilling activity and also the number of offshore well plug and abandonments scheduled across the Norwegian North Sea we envisage significant opportunities to increase market share in our chosen sector. Romar is a very good fit with our own business and we look forward to achieving mutual success working with them in the near future.”
Romar International expects its planned growth will create further employment opportunities locally and overseas in support of a strategic sales and marketing campaign aimed at gaining market share in new geographies for the company.
The company currently trades in many oilfield industry provinces including North Sea, Africa, Gulf of Mexico, India and Canada.
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