According to the company, once built, each of the facilities is expected to add approximately $10m in revenue for a potential ten year revenue of $100m.
Dmitry Lukin, CEO of Globotek, said: “We are delighted that Colregistros has chosen our technology over other available options and the agreement allows Globotek immediate penetration into the huge Central and South American oil and gas market – a region we have long been eyeing as part of our global expansion plans.”
Colregistros is a subsidiary of Grupo GPC, a company headquartered in Bogota, Colombia that operates multiple oil fields with E&P assets all over Colombia’s main hydrocarbon basin as well as having joint venture interests with oil and gas projects in Mexico.
