#Paratus Energy #Norway #Oslo #Fontis Energy #Seagems

Paratus Energy Services Releases 2024 Annual Report

Paratus Energy Services Ltd., identified by its Oslo listing under the symbol PLSV, has officially unveiled its 2024 Annual Report. This significant publication is now accessible on the company's website in both PDF and XHTML formats. The report is crucial in presenting the accomplishments and strategic direction of Paratus over the past year.

Overview of Paratus Energy Services Ltd.

Paratus Energy Services is renowned as an investment holding company comprising a network of distinguished energy services firms. The company primarily oversees Fontis Energy, an offshore drilling entity equipped with five top-tier jack-up rigs that are currently operational under various contracts in Mexico. In addition, Paratus holds a 50/50 joint venture interest in Seagems, a company specializing in subsea services that utilizes a fleet of six multi-purpose pipe-laying support vessels, all under contracts in Brazil. Furthermore, Paratus owns a significant stake in Archer Ltd., a global oil services provider listed on the Euronext Oslo Børs.

Highlights from the 2024 Annual Report

The 2024 Annual Report encapsulates the company's robust performance metrics, significant project completions, and strategic developments in the global energy landscape. It provides insights into operational efficiencies, market trends, and future growth prospects. Through transparent reporting, Paratus aims to inform its stakeholders of prevailing and emerging challenges, along with its proactive strategies to mitigate risks and leverage opportunities.

Financial Performance

Detailed within the report, Paratus highlights substantial improvements in revenue and profitability margins, attributed to efficient management practices and increased demand for energy services. By adapting to market conditions and aligning with the newest technological advancements, Paratus has not only secured its existing contracts but has also expanded its client base.

Strategic Future Directions

The company is focused on sustainable growth through the adoption of innovative technologies and environmentally responsible practices. Paratus is committed to enhancing its operational capabilities by investing in advanced drilling technologies and sustainable energy practices that align with global trends toward renewable sources and efficiency in oil recovery.

Moreover, the report outlines Paratus's future strategy, which includes expanding its international footprint while maintaining a solid base in existing markets. Continued investment in talent development and training is also emphasized, highlighting the company's commitment to workforce empowerment in an evolving energy sector.

Accessibility of the Report

The report can be accessed via the official Paratus Energy Services website at www.paratus-energy.com. This move towards digital accessibility is part of the company's initiative to encourage transparency and stakeholder engagement.

For any inquiries or additional information, stakeholders are encouraged to reach out to Baton Haxhimehmedi, CFO, via email at [email protected] or call +47 406 39 083.

Conclusion

As Paratus Energy Services Ltd. moves forward, the publication of its 2024 Annual Report marks a pivotal moment for the company, reflecting its achievements and laying out a roadmap for future growth. Stakeholders can look forward to engaging with the company’s dedicated approach to navigating the challenges and opportunities in the energy sector. This report not only serves as a historical document but also as a blueprint guiding the company toward a sustainable and prosperous future.