Ramco Norway, a leading company in the preparation, inspection and treatment of oilfield tubular goods, has secured a lucrative pipeline maintenance contract with Equinor . The agreement promises annual revenues of $11.2 million (approximately NOK 120 million) for Ramco.
With more than a quarter of a century of experience in pipeline preparation for offshore operations, this new contract with Equinor secures work for Ramco for a minimum of five yearsThis new contract with Equinor secures work for Ramco for a minimum of five years, extendable to 2033 through renewal options.
Ramco’s Pipeline Maintenance Contract
This contract represents a significant economic opportunity for Ramco and is vital to the livelihoods of its 110 employees and to the economic development of the local communities where it operates. The company emphasized the importance of the agreement with Equinor, as it provides the stability needed to plan long-term investments in the company’s personnel and facilities.
According to statements by Ramco CEO Arild Moe, this deal reaffirms Ramco’s dominant position in the sector, controlling 80% of the oil and gas pipeline market. oil and gas pipelines stretching from the Fjord base in Florø to the Norwegian continental shelf. In addition, Ramco will manage 100% of the volume at Sandnessjøen and Hammerfest.
It is important to mention that the World Pipelines portal mentions that this agreement marks an important step forward as it is the third long-term contract between Ramco and Equinor. third long-term contract between Ramco and Equinor, continuing a successful collaboration that began in 2008, continuing a successful collaboration that began in 2008. As part of its strategic expansion, Ramco is also establishing a new department at Polarbase in Hammerfest, a key decision that will facilitate its operation in the growing oil and gas sector in the Barents Sea.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X
Source: oedigital
Photo: Ramco
Loading...
