November 1st 2013 the company Restrack AS was established, a spin-out from IFE. The company will provide tracer services to the petroleum industry, a technology essential to enhanced oil recovery (EOR).
– It’s very exciting to get started! We are an optimistic team who now look forward to being an independent company, states Øyvind Dugstad, CEO of the new company.
Restrack AS is already in full operation in the market, and two of the employees who last week left for field work in Denmark are returning tonight as Restrack-staff, after the business transfer.
To read more, please visit the IFE website here.