Deep Casing Tools secures $3mn order with Middle East operator

Aberdeen-headquartered well technology business, Deep Casing Tools has undertaken ambitious growth strategy in the Middle East, and just announced a new multi-million-dollar order in the region.

Neil Hathaway, Deep Casing Tools
NEWSLINE MEDIA LIMITED
Neil Hathaway, Deep Casing Tools

In a deal worth $3.05mn, Deep Casing Tools has secured an order to supply a Middle East operator with 27 motorised reaming TurbocaserTM tools. The TurbocaserTM is a high-speed reaming system that enables drilling teams to land casings and intermediate liners at target depth.

This order follows a $1mn 16 tool order, placed less than a year ago by the operator, cementing the continued regional growth for Deep Casing Tools.

“This is a very exciting time for us, as we build on the already positive impact of increasing our presence in the Middle East," said Neil Hathaway, regional manager at Deep Casing Tools. "It is a key region for the company, and we’re delighted to add this award to the impressive order book built up in recent years with this important operator. We continue to gain traction in the UAE and Kuwait, consolidating our position in the Middle East and validating our leading-edge technology.”

Deep Casing Tools delivers simple innovation across the well life cycle, reducing cost, time and risk. We specialise in the design, engineering and manufacture of a range of innovative products that add value to well construction, well completion, and casing recovery.

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Oil & Gas Middle East - September 2020

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