20 December 2019

In 2019, all FourPhase employees returned to their families without any injuries. We entered new markets with new customers, we extended contracts with existing customers and adapted our technology to the digital tomorrow. By themselves these are all big achievements. Together, they prove the fantastic strength of our team.

Our new control system and simulator connect machine learning with more than 50 000 hours of operational sand production data, and is becoming a powerful sand prediction tool. The capabilities of the control system together with our full-scale test loop and simulator, are truly incredible. It enables training of both employees and customers, simulation of production scenarios which altogether raises the bar for sand management within our industry.

This year we managed to enter the US market with great success and we are aiming to expand significantly during 2020. In 2019 we completed our first operation in North Africa, we have signed a long-term contract with Aker BP as well as extended our Baker Hughes Azerbaijan and Equinor contracts. In parallel, we completed our new exciting subsea concept for submerging our technology onto the seabed.

I would like to emphasize how truly proud I am of all the good people who luckily are our employees in FourPhase – they are the ones that make FourPhase the great company it is – thanks to every one of you.

Season’s greetings and warmest wishes for a happy new year.

Yours sincerely,

Øyvind Heradstveit
CEO at FourPhase AS

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