-2.1 C
Alba Iulia
Tuesday, February 25, 2020

Coretrax Penetrates South East Asia Market with $1.5 Million Investment

Subscribe to our newsletter

We will never spam , sell or share your details

Coretrax, specialists in tailored wellbore and abandonment services, has expanded into South East Asia with a $1.5 million investment across three bases in the region.

In conjunction with the firm’s technical partner, OLIO Group, a team of 15 people work in Malaysia from its facilities in Kemaman, Labuan and Kuala Lumpur with this number is expected to grow in coming months.

[adbutler zone_id=’297765′]

Coretrax was established in 2008 and provides field-proven wellbore and abandonment solutions for global operators. It has eight bases globally, including Dubai, Saudi Arabia and Abu Dhabi. This latest investment is key to Coretrax’s ambitious plans to penetrate the region.

Coretrax global business development director, John Fraser, said: “We’ve worked hard these past ten years to develop an unrivalled product offering which is transferable to operations globally.

“South East Asia – and in particular Malaysia – is such a diverse market where drilling, completion and abandonment operations are ever increasing. Because of this, we recognised the opportunity to bring our established portfolio to the region, delivering the same time and cost savings we have achieved in the UK and Middle East.”

Earlier this month, Coretrax won the Export Achievement category at this year’s Society of Petroleum Engineers (SPE) Aberdeen Section Offshore Achievement Awards for its success in international export.

John continued: “The Offshore Achievement Awards are highly respected in the industry, and we were delighted to win the Export Achievement accolade, which really does underpin our accomplishment and unwavering dedication to the global marketplace.

“Exporting to international markets, twinned with our ethos for excellent customer service, has long been key to our business strategy and resulting success. We’re looking forward to mirroring this in South East Asia.”

Advertisement
Aberdeen
light rain
1 ° C
2 °
0 °
93 %
3.6kmh
100 %
Tue
5 °
Wed
5 °
Thu
6 °
Fri
6 °
Sat
6 °

Follow Us

Our Other Titles

New service takes off from Aberdeen Airport

AN airline today introduced a new route from Aberdeen to Norway. Passengers can now travel from Aberdeen International Airport to Haugesund with flight operator Loganair. The...

Aberdeenshire chef wins national seafood competition

AN ABERDEENSHIRE chef has been crowned the winner of a national seafood competition. Ross Cochrane, executive chef at Ballater’s The Rothesay Rooms, won the #PrideofPlate...

Aberdeen survival firm launches new training facility

AN ABERDEEN survival training company is to open a new facility. Survivex, part of the 3T Energy Group, has invested a six-figure sum into the...

Decom North Sea Awards launched

THE third annual Decommissioning Awards have been launched. The event, organised by industry body Decom North Sea, will be held in Aberdeen in May. For the...

More Articles Like This