ABERDEEN, U.K. (Nov. 18, 2015) – Deep Casing Tools has been awarded a multi-tool order in excess of $4.7 million for deployment in the Middle East. The order is the largest ever secured by the company. Deep Casing Tools provides drillable turbine tools which enable casing and completions to be landed at target depth to improve the efficiency and reliability of well construction. The company has provided more than 300 Turbocaser Express and Turborunner tools for casing and completions, respectively. The Turbocaser Express recently established a new record for one operator by reaming 11,000 feet through challenging trouble zones to successfully land at a target depth of 20,835 feet. The latest order also includes Turborunner tools for completions following successful trial tests by a client earlier this year. Increasing customer demand in the Middle East has resulted in tool orders from several operators in the region. A regional headquarters, established earlier this year, has contributed to the technology’s success by providing the ability to respond faster on the ground. “The multi-tool order underlines our clients’ previous successes with our tools,” said Lance Davis, the director of Deep Casing Tools. “It also highlights the increasing emphasis within operators to improve performance. At the current oil price, operators are not taking any risks to land their completions or casings. We add that differentiating capability for running a casing or a completion.”
Wed, 11/18/2015 - 00:00