Sales Agreement Extends ROMAR Business in Middle East

MarineLink.com
Thursday, December 12, 2013
Photo: ROMAR

Aberdeenshire-based oilfield service company ROMAR International has entered a two year agreement with STEP Oiltools to represent the company in the Middle East.

This agreement follows on from a successful contract already in place with STEP Oiltools to promote ROMAR’s range of magnetic separation products in South East Asia which has seen the company’s sales increase by 95% in the region.

As part of the South East Asia contract, two successful jobs were recently completed in North West Australia and Brunei with a combined contract value of $1.2 million.

The latest agreement will involve ROMAR’s products penetrating the Middle East specifically Oman, UAE, Saudi Arabia, Kuwait, Bahrain, Qatar and Iraq.

ROMAR’s core business activities revolve around its innovative designs using magnetic separation technologies which provide value-added solutions for its clients. The company has developed a range of products and services tailored to suit various demands and applications across the offshore oil and gas markets worldwide.

The initial South East Asia agreement with the agent, which was signed late 2012, is also set to be extended in early 2014 to cover 2014/15.

ROMAR International Commercial Director Robbie Gray said, “Our agreement with STEP Oiltools in South East Asia has been exceptionally beneficial; it has increased our presence in the region and has supported the significant increase in sales in the past year.

“Extending our agreement with our agent will enable us to penetrate the Middle East, where demand for our products, which remove swarf waste produced from down hole activities, is high and is a key part of our international business strategy moving forward.”

“There are already a further two jobs confirmed for 2014 in SE Asia as part of this agreement and we expect to add to this number in the coming months. STEP Oiltools has been instrumental to our growth and I look forward to continuing this valuable relationship.”

Alan Steedman, Vice President Europe STEP Oiltools, said, “The team is delighted to continue and expand our relationship with ROMAR, which in turn is enabling us to become a leading global specialist DWM company. 

“We have worked closely this past year to offer ROMAR’s innovative technologies in South East Asia and will continue efforts to ensure that this success is mirrored in the Middle East.”

ROMAR’s patented range of en-mass magnetic separation products are the only technologies of their kind currently available to the offshore oil and gas industry and underpin ROMAR’s position as the number one market leader in this sector.

Earlier this year, ROMAR awarded the contract of the management of its offshore workforce to Frontier International; an Aberdeen based international oil and gas recruitment company. The contract requires the company to provide the management and logistics for up to 35 offshore operational personnel to support ROMAR’s North Sea and international operations.

The company trades in many oilfield industry provinces including the U.K. and Norwegian North Sea, West Africa, Gulf of Mexico, South America, Southeast Asia and now the Middle East.

romarinternational.co.uk
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Kalmar 5th Generation Gloria Reachstackers Enter US

Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

Contracts

De Beers Orders Specialized Ship from Kleven

Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration.

Kalmar 5th Generation Gloria Reachstackers Enter US

Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful

NewLead Fixes Newcomer, "Newlead Castellano"

NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Energy

Oversupply, Ebola Fears Drive Oil Below $86

* Middle East supply remains strong * Equities fall on confirmed case of Ebola in New York * Economists see gloomy 2015 for China, euro zone - Reuters

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

News

Oversupply, Ebola Fears Drive Oil Below $86

* Middle East supply remains strong * Equities fall on confirmed case of Ebola in New York * Economists see gloomy 2015 for China, euro zone - Reuters

De Beers Orders Specialized Ship from Kleven

Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration.

USCG Monitoring Barge adrift in Beaufort Sea

U.S. Coast Guard personnel and Canadian federal agencies, including the Canadian coast guard, Transport Canada and Environment Canada, are monitoring a 134-foot

Middle East

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

KOTC Takes Delivery of Product Tanker Mutriba

Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series

Offshore Energy

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

Three Dead in Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4182 sec (2 req/sec)