Ramco Norway, a leader in pipe maintenance services, has been sold to the family-owned investment firm Øgreid, highlighting strategic growth opportunities in Norway's oil services sector.

Information on the Target

Ramco Pipetech Holdings Limited, known as Ramco Norway, is a premier provider of pipe maintenance services on the Norwegian Continental Shelf. The company offers a comprehensive range of specialized services, including inspection, blast cleaning, and the application of protective coatings on steel pipes utilized in the exploration and production sectors of the oil and gas industry. With its headquarters located in Florø, Norway, Ramco operates from five strategically positioned bases along the Norwegian coastline, ensuring efficiency and accessibility in its service delivery.

Industry Overview in Norway

The oil and gas industry in Norway is one of the most significant contributors to the country's economy, representing a substantial portion of its GDP. With a well-established infrastructure and leading-edge technology, the sector thrives on the exploration and production of hydrocarbons in the North Sea and surrounding areas. Norway’s commitment to sustainable practices has improved operational efficiencies, while its adherence to stringent regulations ensures safety and environmental protection.

Recent investments in the oil services sector indicate a robust growth trajectory, fueled by increasing global energy demands. The push towards greener technologies and renewable energy has also led conventional oil servic