DRILLING

Asian uptick for casing

AN INCREASE in demand for casing and completion technology products has driven Aberdeen firm Deep Casing Tools' sales above the £500,000 ($A986,250) mark this year to new clients alone.

Asian uptick for casing

Deep Casing Tools, which provides tools to land casing and completions at target depth within oil or gas wells, signed agreements with major contractors in Malaysia and Vietnam earlier this year and has also increased sales from local operators.

More than 30 tools have already been dispatched this year to the Middle East, Far East, the US and Canada, increasing the number of tools sold to 270.

This development comes at a time of growth in the company, which reported it had doubled its revenue year-on-year to £9 million in 2014.

Deep Casing Tools director Lance Davis said new clients in Europe, the Far East and the US had increased tool demand to improve the well construction process.

A combined office and warehouse facility was established in the Jebel Ali Free Zone in the United Arab Emirates earlier this year to support the growing customer base in the Middle and Far East.

Davis said additional sales and operational personnel were employed to support increased demand, which had resulted in new orders.

"Trials are also underway with new operators in the Far East, which should continue a successful year for the company," he said.

As an example, Davis cited Deep Casing Tools' drill-through turbine motor, which provided "significant" time and cost savings when compared to conventional methods.

"With the new ability to ream while running in, the casing can be run sooner while the hole is in best condition, eliminating wiper trips and open hole exposure time," he said.

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