Resman today opened its first foreign subsidiary in Rio de Janeiro, Brazil. The company, Resman do Brasil Ltda, will market wireless reservoir and well performance products based on tracer technology and services from the Trondheim based technology company Resman AS and IFE, the Kjeller based research company.
In spite of the financial crisis and moderate oil prices, Brazil continues to invest in its growing petroleum sector and the country is set to increase its production from today’s two million barrels per day to four-five million barrels per day within 2017. Says CEO Oddvar Solemsli of Resman AS: “Brazil has taken a long term view of the petroleum sector and has decided to invest now to take advantage of a higher production capacity when the demand for oil inevitably rises again. The main market player, Petrobras, is an innovative company that focuses on leading edge technology to produce oil in an environmentally friendly and efficient way. Brazil is therefore a natural first step in Resman’s strategy to grow internationally.”
Resman’s products monitor inflow to oil wells while IFE’s technology monitors flow in the reservoir, both by use of chemical tracers. Says managing director Kjell Bendiksen of IFE: “IFE and Resman have complementary technologies and will cooperate to supply the Brazilian market with state-of-the-art reservoir and well monitoring tracer services”.
Resman do Brasil Ltda is located in the Norwegian business center run by Innovation Norway and Intsok in Rio de Janeiro, where several other Norwegian companies have their Brazilian operations. Says Resman do Brasil’s local manager Roberto Birkeland: “Doing business in Brazil means that you need to be in Brazil. It is a very big market that cannot be remotely operated from other countries and Resman and IFE have done the right thing in showing their concrete interest in the Brazilian market by being here.”