Paradigm

About Paradigm

The Paradigm Group was established in the Netherlands in 2009 to develop a number of ‘new generation’ well intervention technologies. The main focus was around the use of Thermoplastic Composites both as coatings and as the main constituent of well intervention ‘wirelines’. In addition there was an exceptional level of in-house expertise in direct drive electric power systems for winches which were also targeted as a key area of focus. With access to funding, a strong track record for delivering upstream technologies and exceptional shareholder value in the past, the strategy was developed to seek out investment opportunities in key areas of Upstream technology. As a result Paradigm now has active investments with technology in Drilling, Well Servicing, Reservoir Evaluation, Sub Sea and Topsides / Safety Systems. Each of the operating companies is a stand-alone unit with unique technology both in use and in development. An aggressive R&D investment program continues to generate IP and growing revenues. Currently Operating incomes are rising by around 80% annually with this strong growth trend expected to accelerate as the newer technologies come to market. #wellntervention #oil&gas #flowassurance