The new company will deliver advanced production technologies and expertise to the global oil and gas industry, offering products and systems which are highly differentiated, low risk and significantly enhance well performance.
Pragma draws upon existing technical and commercial expertise within the FrontRow Group. Gary Smart is CEO; Dan Purkis is technical director and Matt Manning is engineering manager. CEO of FrontRow, Stuart Ferguson takes up the position of chairman at Pragma.
Team expansion is high on the agenda, with Pragma currently recruiting four new staff in engineering and administrative roles.
Gary Smart, CEO at Pragma said: “Pragma is borne out of multiple new technology ideas that have been enthusiastically endorsed by the operator community. The new company will utilise vast internal technical and business experience to bring these developments to market. We’re looking forward to building a strong team which will deliver practical yet creative solutions for today’s industry challenges.”
Stuart Ferguson, CEO of FrontRow added: “The addition of Pragma to the FrontRow Group significantly strengthens our market position by providing a complementary offering in the production sector.
“FrontRow has made great strides since its inception last year; we’ve made important acquisitions, appointed a strong senior leadership team for our group companies and are vastly increasing our global presence.
“Pragma is a great fit with our objectives, combining innovation and technology to deliver practical oilfield solutions and cost savings to the customer. With a stellar management team, a significant contract already in hand and a strong development and acquisition pipeline, there is much to be excited about.”