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Coretrax Acquires Churchill Drilling Tools

Gasoil News - Published on Fri, 29 Nov 2019

Image Source: Coretrax Churchill Drilling
Specialist well construction and intervention company Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. It has acquired Churchill for an undisclosed sum and will integrate its extensive downhole product portfolio into a new group, with Churchill’s employees joining the Coretrax team. Churchill Drilling Tools launched in 2002 and is established as a high quality and innovative global drilling tools business with operational bases in Aberdeen, Houston and Dubai. Its extensive product range covers drilling, completion and plugging and abandonment operations.

Kenny Murray, CEO of Coretrax said: “Churchill’s first-class technology, talented team and reputation for quality were a compelling draw for Coretrax as we push ahead with plans to widen our well construction and intervention offering and enter new global markets. “We continue to grow organically with sizeable contract awards and renewals and are pursuing a robust strategy that will push us into new markets more aggressively including the US and Asia Pacific. Our Middle East operations are going from strength-to-strength and leveraging Churchill’s product range, footprint and team will further augment our presence in the region. All contracts and projects will continue as normal, but with the added benefit of access to additional products, services and expertise.”

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Posted By : Yogender Pancholi on Fri, 29 Nov 2019
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