UK-BASED oil and gas technology development company, Deep Casing Tools (DCT), has cemented its focus on the South American market with the appointment of a Brazil-based partner, Paschoalin Consultoria em Engenharia.
The company will represent Deep Casing Tools within the region and act as a sales agent for its wide range of well lifecycle technologies, which use simple innovation concepts to bring efficiency in well construction, completion and casing recovery.
This international expansion is part of Deep Casing Tool’s ambitious global growth strategy, which has recently seen the company invest in manpower across both the Middle East and UK.
Since 2007, Paschoalin has been working closely with international energy companies to help them enter and navigate the Brazilian market, specifically oil and gas technology firms which bring performance-improving, cost-saving and sustainable solutions to its clients’ operations.
Roberto Paschoalin, CEO at Paschoalin commented: “We understand that international expansion is high on the agenda for many oil and gas solution providers, however building a physical in-country presence can incur high operational costs in terms of opening offices, securing storage and manufacturing space and hiring and retaining good employees.
“Paschoalin has spent over a decade helping global oil and gas technology companies take their first major step in the Brazilian marketplace, through our deep-rooted localized support, technical consultancy and commercial representation.
“We’re very pleased to be partnering with Deep Casing Tools, which is bringing a completely new approach to the well lifecycle market and is developing exactly the type of technology we know will excite the South American oil and gas sector. We look forward to representing their innovative technology as part of our client base.”
Deep Casing Tools Chief Executive Officer, David Stephenson added: “We are delighted to announce this partnership agreement with Paschoalin, and are very confident in the firm’s ability to ensure we gain a strong foothold in the region and make the most of the opportunity on offer.
“Our relationship with Paschoalin will be driven by a common aim to provide innovative technology that adds value to client operations.
“Entering the South American market is an exciting step for Deep Casing Tools, and we are looking forward to establishing a solid customer base and pursuing first sales whilst benefiting from Paschoalin’s industry