Aberdeen-based Coretrax (a well construction and intervention specialist) has acquired local firm Churchill Drilling Tools (a down-hole solutions specialist) as part of an on-going growth and expansion strategy.
Coretrax (
www.coretrax.com) currently has bases in the UK, the Middle East and South East Asia, but it is planning to expand into new regions.
It will integrate Churchill’s extensive downhole product portfolio into a new group, with Churchill’s employees joining the Coretrax team. Churchill Drilling Tools was established in 2002 and has operational bases in Aberdeen, Houston and Dubai.
Its extensive product range covers drilling, completion and plugging and abandonment (P&A) operations.
Coretrax CEO Kenny Murray said: “Churchill’s first-class technology, talented team and reputation for quality were a compelling draw for Coretrax, as we push ahead with plans to widen our well construction and intervention offering and enter new global markets.
"We continue to grow organically, with sizeable contract awards and renewals, and we are pursuing a robust strategy that will push us into new markets more aggressively, including the USA and the Asia-Pacific region.
"Our Middle East operations are going from strength to strength, and leveraging Churchill’s product range, footprint and team will further augment our presence in the region.”
Churchill founder Andy Churchill said: “We have always been proud to supply our technology to Coretrax and its clients, and the association has always been a very strong one.
"The Coretrax reputation for innovation, quality and customer service is ‘second to none’, and this development will bring huge opportunities.”