2018 has been a year of growth, high activity and adaption to the digital future. Our strategy to grow intervention operations and to increase the number of permanently installed production systems internationally, has proven to be successful.
I am also happy to share our 2018 numbers which indicates the beginning of a positive trend, leaving the downturn behind us. This year we have increased our international presence in Malaysia, UK, Oman, Trinidad and USA. An effort resulting in a significant sales growth and a positive bottom line, but most importantly zero injuries, all of which we are very grateful.
This year’s efforts have resulted in our most advanced system to-date. A fully automated Bulk Desander system being installed on an unmanned rig in the South East China sea later next year. This system really suggests where we are headed in terms of digitalization, automation and more efficient and safer operations for our customers. Following this year’s developments, I look forward to introducing new digital tools for managing solids and understanding reservoir behavior in 2019.
With new facilities both in Bergen and Aberdeen, an excellent supply chain and a team stronger than ever, we will continue to deliver outstanding solids removal technology to the market in 2019. Thank you all for contributing.
Season’s greetings and best wishes for the new year,
CEO at FourPhase AS
Click to download The FourPhase Digest (.pdf file)