Value Creation

Corporate Governance

• Transition towards a professional management

• Creation of a Procurement and Improvement committees

• Introduction of monthly board meetings

• Introduction of a yearly budget

Management Support

• New mission & vision statement

• Redesign of processes

• Review of the organizational structure, incentives plan and career plan: Hiring of seasoned CEO with 17 years of experience in the industry

• Creation of new management layers to improve decision making, accountability and oversight

• Improvement of commercial processes

• Implementation of SAP in six months

• Redesign of transport and logistics processes

Replication and Expansion

• Seeking acquisition targets to broaden portfolio of services and regional presence

• Development of new business lines/services (currently providing live feedback of drilling which is available to clients)