Leading provider of mud logging services to the oil & gas industry since 1985
Regional Presence: Colombia and Perú
Closing Date: Septiembre 2012
Fund: MAS Colombia Latam
Status: Active
Website: www.tgtgamas.com
• Operations in both Colombia and Peru
• Solid reputation and high quality standards (ISO 9001, OHSAS 18000, RUC of 92)
• Cabins in operation and revenue grew 3x in 4 years
• Transition towards a professional management
• Creation of a Procurement and Improvement committees
• Introduction of monthly board meetings
• Introduction of a yearly budget
• 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
• 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)