Oil service firm reports year-on-year growth of more than 50%

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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.”

 

 

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