Coretrax, the Aberdeen-based global well integrity and production optimisation company, is planning for further growth following recent successes, with a strong showing in the Middle East
The company has expanding operational bases in the USA, Middle East and South East Asia with further growth planned in Asia Pacific, seeing headcount rising by 20% to 300 people in the last twelve months. Coretrax has also recently supported its first carbon capture (CCS) and geothermal campaigns and sees significant potential in the lower carbon sector to bring its technology and expertise to emerging opportunities.
John Fraser, CEO of Coretrax, said, “We have experienced growth across our operations and are currently running live projects on 250 rigs in the Middle East, with support provided from our teams in the Kingdom of Saudi Arabia and Dubai.”
One recent multi-year contract is with a major service company in MENA and involves the deployment of Coretrax’s expandable technology to isolate trouble zones and maximise recovery on existing wells.
Coretrax continues to invest in research and development and currently has a portfolio of over 50 technologies across its four product lines.
With a strong engineering focus, Coretrax offers a range of solutions and tools brought together in an integrated package to provide a full well lifecycle solution.
