NORTH-east oil service firm Fulkrum Technical Resources (FTR), has reported a successful 2020, resulting in year-on-year growth of more than 50%.
Operating in four key regions – the Americas, Europe and Africa, APAC and the Middle East – FTR has seen significant growth in each region, with revenues exceeding forecasted figures.
Since forming in 2017, FTR’s Asia Pacific entity has continued increasing activity with a range of local and global companies. The region saw a 137% increase in turnover in 2020.
The company formally entered the Middle East market in 2017, with offices located in both Abu Dhabi and Saudi Arabia.
A successful year has seen the turnover in the region grow by 138% during 2020 and an expansion of the company’s footprint via larger office space and further recruitment in Abu Dhabi.
Following significant contract wins in both Europe and Africa, Fulkrum’s UK-based business increased by 61% over the last year.
Owen Gibbons, FTR commercial director, said: “Our global team has surpassed expectations in exceeding our budget for 2020, particularly in a time that has been challenging for all.”