Oil & Gas Middle East
Aberdeen-headquartered Coretrax, a global provider of oil and gas well integrity and production optimisation, is back on our list this year. In January 2022, the company announced the first deployment of its Reline WL expandable technology in the Middle East, which is designed to unlock commercial value by maximising production from existing wells. Reline WL is proven to deliver a 700% greater flow area when compared to traditional straddles, securing safety and sustainability benefits by reducing the number of onsite personnel required to complete the work.
Deployed to support a major Saudi operator, the expandable technology was brought in when water ingress on a producing well led to decreased oil recovery.
In July, Coretrax doubled the size of its Middle East headquarters in Dubai, after moving into a new DMCC office space in the city and an operations hub in Abu Dhabi. Following the acquisitions of Mohawk Energy and Churchill Drilling Tools in 2019, the company brought both under the Coretrax brand last year to offer the global oil and gas industry an integrated and boundary-pushing approach to well lifecycle integrity.