Fulkrum announces successful 6 months focused on global growth

Source: press release, 3 August 2022

Global Vice President of Fulkrum, Brock Falkenhagen
Global Vice President of Fulkrum, Brock Falkenhagen (photo: Fulkrum)

Fulkrum, provider of inspection, expediting, auditing and technical staffing to the energy industry, has reported global expansion, team growth and new contracts in the Middle East and India.

Following the opening of the India office in February, Fulkrum’s strategic expansion continues to grow across its four key regions – the Americas, Europe and Africa, Asia Pacific and the Middle East. With new contracts awarded in Libya and Yemen and several entities being established across the Middle East, the region has seen an increase in revenue of 33.5% over the last year. It is expected to see its KSA and India team double by the end of August this year with a recruitment drive to support ongoing projects in the region.

The Asia-Pacific region has also seen month-on-month revenue increases following an uptake in recruitment to support regional projects across Vietnam and Indonesia. With a focus on assisting its clients in the energy sector, the rise in LNG production throughout the Middle East, India and the wider Asia-Pacific region has led to Fulkrum’s continued growth as it supports its clients with these landmark LNG expansion projects.

Earlier this year, Fulkrum announced a key project win for its renewables team to provide inspection services during the Dogger Bank A development stage. The project includes a potential contract extension to zones B and C, ensuring conformity and quality of the wind turbines and main components, including blades, tower sections and nacelle.

Brock Falkenhagen, Global Vice President of Fulkrum, says, “Our global expansion is key to the support we provide our clients and the industries we operate in, internationally. With activity increasing in our key sectors, including Offshore Wind and LNG, our global presence in existing and new regions allows our teams to support these projects and provide essential inspection, expediting, auditing and technical staffing services to our clients.”

“The growth and expansion we have experienced in the first half of 2022 is a testament to Fulkrum’s extensive track record, recruitment of industry leading internal operations personnel, and the consistently reliable work performed by our worldwide team. We have remained focused on strategic growth and increasing our ability to support international projects worldwide utilising local personnel and bringing Fulkrum one step closer to a net-zero future,” Falkenhagen continues.

Established in 2011 in Corby, Fulkrum has grown into a global company with a strong international footprint. Operating in the four key regions – the Americas, Europe and Africa, APAC and the Middle East – Fulkrum has a sustainable track record in the oil and gas, petrochemicals, and renewables sectors, offering a wide range of multi-disciplinary services.