Top 3 drilling and workover service provider for the Colombian oil industry
Regional Presence: Colombia
Closing Date: June 2009
Fund: Fondo Trasandino Colombia (FTC)
Status: Exited - Private Sale to Strategic (2011)
Website: www.petroworks.com.co
• Preferred contractor with major operators
• Key competitive advantage through disciplined equipment standardization
• More than 150,000 hours of experience in oilfields
• Impeccable execution track record based on international certifications and processes — ISO 9001, OSHAS 18001, RUC
• Support in transition from small family-owned company to corporation
• High reputation Board of Directors with independent members from the oil and financial industries
• Implementation of monthly reports, business intelligence and process engineering
• Clean-up and improvement of balance sheet and debt profile
• Improve control and optimization of cost structure
• Development and rollout of more sophisticated rigs for deep drilling, that improved company’s positioning, revenue and profitability