9.7 C
Alba Iulia
Thursday, April 2, 2020

Celebrating a Prosperous 2019 – FTR Continues its Year-on-Year Growth

Subscribe to our newsletter

We will never spam , sell or share your details

FULKRUM Technical Resources (FTR), a global provider of technical personnel specialising in QA/QC, inspection and vendor surveillance services to the energy industry, celebrates a successful year-end with contract wins resulting in year-on-year growth of more than 55%.

Operating out of eight bases around the world, FTR has seen significant growth in each region with revenues exceeding forecasted figures, as well as expanding its network of energy professionals to nearly two million.

Since forming in 2017, the FTR Asia Pacific office has continued to establish its presence in the region, increasing its activity with a number of local and global companies. It was also awarded Petronas approval status in 2018, underpinning its impressive and efficient project execution. The region saw a 50% increase in turnover in 2018-19, with 2020 set to be it’s most productive to date.

The company has also strengthened its operations in the United Arab Emirates, securing work on an extensive engineering, procurement, construction and installation project worth over $1billion. Expansion in the area has resulted in the recruitment of over 40 NDT technicians and a further 12 resident QC inspectors, with revenues expected to rise further going into 2020.

Europe has also seen substantial developments over the last year. As a result of further contract wins and expanding into new territories, FTR has bolstered its operations in Aberdeen to support a number of offshore and subsea projects.

After a series of successful campaign wins in the Americas, FTR has seen the region close 2019 showing a 40% increase in revenue with particular growth within LNG, making it a record year for the company’s Houston team.

Owen Gibbons, Commercial Director at FTR commented: “2019 has been an incredible year for us as we continue to drive the business forward, winning multiple new projects across all branches within the group and expanding into previously untapped territories. The work secured for 2020 by our regional offices will ensure another strong year for us and I look forward to seeing what the future holds for the company.”

Advertisement
Aberdeen
clear sky
2.8 ° C
4.4 °
1.1 °
48 %
5.7kmh
0 %
Thu
3 °
Fri
6 °
Sat
8 °
Sun
11 °
Mon
11 °

Follow Us

Our Other Titles

The Oil & Gas Technology Centre brings...

THE Oil & Gas Technology Centre (OGTC) will launch the first of its Tech20 Virtual series tomorrow. The webinar launch marks a move by the...

Celebrate Aberdeen awards open for nominations

CELEBRATE Aberdeen organisers are to move ahead with the planning of this year’s events in the hope they will go ahead as scheduled. As a...

Wood sets out actions taken in response...

ABERDEEN-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of COVID-19 pandemic. The company has set...

Repsol Sinopec new chief executive takes up...

A NEW chief executive has today started at North Sea operator Repsol Sinopec Resources UK. Jose Luis Munoz, a long-time employee of Spain’s Repsol, replaces...

More Articles Like This