Corrosion and erosion monitoring solutions provider Permasense (Horsham, United Kingdom) has appointed Saudi Trading And Research Co., Ltd. (STARC) (Al Khobar, Saudi Arabia) to support its strategic expansion.
As part of the agreement, STARC will operate as Permasense’s exclusive representative in Saudi Arabia.
STARC is an oil and gas, petrochemical, energy, and water desalination solutions provider. The company has delivered pipeline and corrosion services in Saudi Arabia for over a decade.
“This move is the first step on our mission to break into the biggest oil and gas market in the world—the Middle East,” says Kevin Clarke, chief revenue officer at Permasense.
“It is estimated that 70% of the fixed platforms and bridges in the region are more than 25 years old, while some exceed 40 years,” Clarke adds. “These aging assets mean that there is a clear opportunity for Permasense’s continuous pipe-wall thickness sensors.”
Permasense has opened three offices since the start of 2015, and the company currently has four global offices in Aberdeen, United Kingdom; Houston, Texas; Horsham, United Kingdom; and Kuala Lumpur, Malaysia. The company also engages a local agent to support its activities in Australia, New Zealand, and Papua New Guinea.
Permasense says its future growth strategy is focused on the Russian market, where it hopes to announce its first contract later this year.