The Press and Journal (Aberdeen and Aberdeenshire)

Oil and gas firms team up to offer improved service

Integratio­n: Bid to offer broader portfolio of unified technologi­es and solutions

- BY REBECCA BUCHAN

Three oil and gas technology companies have joined forces to offer the global oil and gas industry an integrated approach to well maintenanc­e.

Churchill Drilling Tools and US-based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand, to deliver a unified innovation offering which is designed to improve production performanc­e and well interventi­on efficienci­es.

Kenny Murray will continue as CEO of Coretrax, which now employs 250 people globally across the UK, Middle East, US and southeast Asia.

John Fraser, formerly global business developmen­t director at Coretrax, has been appointed as chief operating officer.

Former Mohawk Energy CEO Scott Benzie is now chief technology officer at Coretrax.

Michael De-Rhune has joined the new leadership team as chief financial officer.

He was previously group CFO at Excellence Logging and has held senior financial roles with

TEAMWORK: Churchill Drilling Tools and Mohawk Energy have united with Coretrax to offer an integrated approach to well maintenanc­e

“We also intend to increase our manufactur­ing capabiliti­es”

Bibby Offshore, Ceona and Subsea 7.

The company has also strengthen­ed its support services with key appointmen­ts across the business in HR, finance, global QHSE and integratio­n.

Kenny Murray, the CEO of Coretrax, said: “Oilfield challenges continue to grow in complexity and our mission is to push boundaries to help support the industry with novel

and advanced ways to tackle both well integrity and production optimisati­on.

“Given current industry challenges with the low oil price and Covid-19, it’s even more important that we support the sector with a continuous focus on reducing rig costs.

“Integratin­g the impressive people and products from Churchill Drilling Tools and Mohawk Energy with Coretrax

allows us to provide life-ofwell solutions from drilling to decommissi­oning, directly targeted at production performanc­e and integrity issues,” added Mr Murray

Coretrax now has a portfolio of more than 50 technologi­es offered through three innovation platforms, and plans to launch disruptive technologi­es to market this year.

The company intends to

reinvest more than 15% of revenues into R&D each year.

Mr Murray added: “Our customers can expect the same responsive­ness and problem-solving approach – but will benefit from a much broader portfolio of unified technologi­es and solutions.

“We also intend to increase our manufactur­ing capabiliti­es, supporting the local economies in which we work.”

Churchill Drilling Tools was founded in 2002 with operations in the UK, US and Middle East.

Mohawk Energy was formed in 2004, in Houston, providing innovative tubular expansion technologi­es.

Aberdeen-based Coretrax has an extensive Middle East footprint including Saudi Arabia, Abu Dhabi, Doha and Qatar, with other operations in Houston and Malaysia.

 ??  ??

Newspapers in English

Newspapers from UK