Ramco Secures Long-Term Contract for Equinor's Oil, Gas Pipelines
(P&GJ) — Ramco Norway, a specialist in the preparation, inspection, surface treatment, and preservation of oil country tubular goods (OCTG), has secured a long-term contract with Equinor worth 120 million NOK annually.
This contract ensures stable employment and strategic growth opportunities, according to CEO Arild Moe, from the company's headquarters in Florø, Norway.
Ramco Norway will handle 80% of Equinor's oil and gas pipes running from Fjord Base in Florø to the Norwegian Continental Shelf (NCS). Additionally, the company has been allocated 100% of the volume from Sandnessjøen and Hammerfest. This expansion includes establishing a new department at Polarbase in Hammerfest, a supply base for oil and gas activities in the Barents Sea. Moe highlighted the strategic importance of being close to the Barents Sea, where significant growth is expected.
With its headquarters in Florø and operating bases in Stavanger, Sandnessjøen, and soon in Hammerfest, Ramco provides services to major operators and pipe manufacturers. The company has been preparing pipes for offshore operations for over 25 years. This new contract guarantees work for the next five years, with an option for two additional two-year extensions, potentially extending until 2033. This is crucial for Ramco and its 110 employees, as well as the local communities where it operates.
This marks the third long-term contract Ramco has secured with Equinor since their first agreement in 2008, reflecting the high quality of Ramco's work.
The long-term contract with Equinor ensures stability for Ramco, allowing the company to invest in its employees and facilities. Despite a competitive market and challenges from the pandemic and global unrest, Ramco continues to build its expertise in preparing pipes for the oil and gas industry. The company is committed to developing technology that ensures cost-effectiveness, safety, and sustainability. Ramco looks forward to further development and creating jobs along the Norwegian coast, from Stavanger to Hammerfest.
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