18 December 2017

12 months ago, we stepped into 2017 with a renewed optimism, hoping it will be the year when the industry starts to recover from a lasting downturn. 2017 has met and exceeded our expectations, for which we are grateful.

Despite the downturn, costs being cut and activities being stalled, we knew that our technology is more relevant now than it has ever been. We have worked actively to reach out to Operators across the markets, to tell them how sand management could be a key to unlocking production potential and reducing operating costs.

We focused on working more efficiently, further developing our technology and coaching our personnel in becoming sand management experts in the field for our customers. Our team effort has resulted in many exciting opportunities, new mobilizations and contracts across the global Oil & Gas market. On behalf of the Board and the Management Team, I would like to thank all our employees for being ambassadors of the unique FourPhase technology and for the tremendous job that you do every day.

On behalf of all the FourPhase team, I would like to thank all our customers and partners, with whom we work to revolutionize the way solids are managed across the world. We welcome 2018 with excitement, prepared to face the challenges and opportunities that lie ahead of us, and to continue delivering leading solids removal technology to the market!

Season’s Greetings and best wishes for the New Year,

Øyvind Heradstveit
CEO at FourPhase AS

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