ROMAR International Secures Seven Figure Contract Extension with Total
Wednesday, Sep 05, 2012
Aberdeenshire-based oilfield service company ROMAR International has recently been awarded a three year contract extension from Total with potential value in excess of £4million.
The agreement with the oil and gas firm originally began in 2007, with ROMAR supplying swarf removal equipment (for removing metal waste debris from downhole) to several Total platforms in the North Sea.
This latest contract extension involves ROMAR supplying swarf handling services on fields including Elgin, Franklin, Alwyn and Dunbar, as part of well plug and abandonment projects.
Swarf handling equipment removes waste that is produced from casing milling activities during asset recovery and decommissioning in the well plug and abandonment phase. The need to have a safe, reliable and efficient means of disposing of this at surface, without unnecessary mechanical or human intervention, is critical for operators and drilling contractors.
ROMAR International Commercial Director Robbie Gray said: “Being awarded a further three year extension on this contract with Total is testament to the quality of products and services ROMAR offers. ROMAR’s suite of swarf recovery units have been well received within the industry due to them being able to remove large quantities of swarf and metal particles from fluid systems while also delivering increased safety performance by removing the need for unnecessary mechanical or human intervention - this eliminates personnel exposure to harmful swarf and hazardous chemicals. We are continually investing in R&D to ensure we are able to supply the high standard of equipment which is required within the offshore oil and gas sector.”
ROMAR provides magnetic separation products and services to operators and drilling contractors globally. 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.
ROMAR has experienced substantial growth already this financial year compared to Q1 last year. The company’s turnover in 2011 was £370,000 for the first quarter of its financial year, which increased to £760,000 for the same period in 2012, as a result of its investment in additional assets and improved equipment utilisation.
The company’s latest swarf recovery unit, SS3000, was launched in July and has been developed on the experiences and successes of the company’s earlier units, the SS1000 and SS2000. In developing this latest unit, ROMAR has further improved the units efficiencies, including its capability and performance, its reliability and also many HSEQ benefits.
The SS1000 is ROMAR’s ‘compact’ swarf handling unit designed for milling operations where the extent of swarf returns are minimal and do not justify the mobilisation of bigger systems designed to cope with much higher volumes or flow-rates. The SS1000 can handle swarf volumes up to 0.5tonnes per hour (Te/hour) and fluid flow rates of 500gallons per minute (gpm).
The SS2000 is designed for handling en- mass volumes of swarf with its proven operating capacity of up to 2Te/hour and fluid flow rates of up to 1200gpm.
ROMAR INTERNATIONAL currently has 12 members of staff and plans to increase this by a further five-six this year.
The company trades in many oilfield industry provinces including the UK and Norwegian North Sea, West Africa, Gulf of Mexico, SE Asia, South America, and it is targeting new business opportunities in UAE and FSU during 2012.
Source: ROMAR INTERNATIONAL