Aberdeen headquartered Deep Casing Tools is rapidly increasing its global footprint with the establishment of a new Canadian company, Casing Technologies Canada Ltd, based in Calgary.
Sales growth in Canada has followed operational successes for customers, and the company is recruiting aggressively to manage the demand for tools.
Deep Casing Tools’ Aberdeen workshop
This latest development follows the establishment of two other legal entities. Deep Casing Tools Inc. was established in Houston during 2013 and now employs five staff. At the same time a branch office of Deep Casing Tools was registered in the United Arab Emirates, serving the Middle East.
Deep Casing Tools reduces the cost and risk of well construction through its innovative technology, designed to land casing and completions at target depth reliably and with significant cost savings compared to conventional methods.
The year-on-year growth success has been reflected in the recent award from the British Venture Capital Association where Deep Casing Tools won the Scottish Management Team Award for 2014.
Lance Davis, CEO of Deep Casing Tools, said: “With over 170 tools sold worldwide, the Turborunner(TM) and the unique drill through capability of the Turbocaser(TM) Express have demonstrated significant gains. Deep Casing Tools’ products improve the well construction process by saving time and reducing risk,ultimately resulting in significant cost savings compared to conventional methods. With an established track record, operators worldwide are increasingly committing to this technology.”
.