Aberdeen-based Deep Casing Tools has won a prestigious King’s Award for Enterprise - the highest official business accolade for UK companies
The firm has been recognised in the International Trade category for its robust international trade growth strategy, which has seen the company expand significantly in the Middle East, Asia Pacific and Latin America.
Deep Casing Tool’s technology suite includes the TurboCaser, TurboRunner, MechLOK and Rubblizer. These were deployed globally in 2023, in a total of 64 projects, with the TurboCaser accounting for 73% of its global business and experiencing particularly strong demand in Saudi Arabia and the UAE.
The high-speed, turbine-powered casing running system helps drilling teams to land casings and intermediate liners at target depth in even the most complex wells. It is 75% faster than conventional technology and can save up to three days per project, the company says.
During a recent project offshore Abu Dhabi, the application of the TurboCaser enabled a major operator to save more than 1,500 rig time hours, US$13.7mn in operational costs and 4,247 MT in CO2 emissions when compared to traditional methods.
In response to the increasing demand, the company recruited extra personnel last year, including three strategic appointments in Saudi Arabia and the UAE.
David Stephenson, Deep Casing Tools' CEO said, “We have significantly increased our overseas footprint in recent years by entering new territories, and it is fantastic to see our efforts recognised with a King’s Award for Enterprise. By diversifying our business internationally, prioritising markets with the highest growth potential and building strategic alliances, we have built a strong track record across the regions we operate."
