The Scotsman

‘Record performanc­e’ for drill support firm

- By HANNAH BURLEY

Aberdeen-headquarte­red oil well clean-up and abandonmen­t specialist Coretrax is gearing up for further growth after a successful half-year trading, with a turnover of more than £5 million so far.

Coretrax has taken on 30 new staff in the past year and plans to recruit up to 20 more across engineerin­g, management and technical discipline­s by the end of 2017, following new internatio­nal contracts.

The company, which sup- ports global drilling, completion and end-of-life operations, also secured a trio of well abandonmen­t contracts with North Sea operators, including Spirit Energy.

Founder and managing director Kenny Murray said: “Continuing to invest in our people and products whilst putting time and energy into tenders has contribute­d to a record performanc­e so far this year. New drilling and completion­s projects in the Middle East and long-term contracts in Saudi Arabia continue to drive revenue.”

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