Aberdeen-based Coretrax – an engineering servicing company for wellbore cleaning and decommissioning – has launched its fifth Middle East base, within four years, in the Al Rai area of Kuwait.
The office, which is the result of a local partnership with Alghanim Oil Gas Co., was launched in response to the company’s growing client base, 100% of which has been retained since the company first expanded into the Middle East in 2011 – said John Fraser, business development director.
Coretrax provides range of downhole tools and services with applications across the well life cycle and currently has bases in Abu Dhabi, Saudi Arabia and Dubai and Iraq, as well as an Aberdeen HQ.
It presently employs more than 40 people globally and this number is expected to increase due to increased business activity globally.
The company is one of 50 Scots oil and gas firms exhibiting at ADIPEC this month.
Hurricane Energy divides West of Shetland oil field into four areas to speed up recovery
Hurricane Energy – the UK oil company which focuses exploration in naturally-fracked reservoirs – has been granted approved by the OGA regulator to split its West of Shetland licence into four areas, as follows:
- P1368 Central – containing the Lancaster basement discovery
- P1368 North – containing the Whirlwind basement discovery
- P1368 South – containing the Lincoln basement prospect
- P1368 Southwest – containing the Strathmore sandstone discovery
Additionally, OGA has approved a two-year extension on its requirement for the drilling of an exploration well on the Lincoln basement prospect, located in Block 205/26b in P1368 South, until 31 December 2019.
Dr Robert Trice, Chief Executive, explained: “The licence subdivision is a further important step as it provides greater flexibility as we progress the options to farm-down our interests in discoveries or prospects within the original licence.”