Petrotechnics to prosper from ‘hefty investment’ in R&D

Petrotechnics expects to prosper from a hefty investment in research and development (R&D) as well as more people finally waking up to the digital revolution.

Phil Murray, the Aberdeen-based technology firm’s chief executive, said some of the largest companies in its target markets were surprisingly slow to “digitise” their businesses.

Petrotechnics, which has recently been diversifying from its mainstay oil and gas work, is aiming for annual revenue of about £10million this year after suffering the continued impact of low oil prices.

Read more on Energy Voice here.