Enteq Upstream PLC (Enteq), a provider of systems and components for Measurement While Drilling (MWD) and directional drilling, has signed a memorandum of understanding (MOU) with Target Well Controls (Aberdeen), announced Martin Perry, Enteq’s chief executive officer.
The MOU outlines a co-operation between the two companies to integrate the Target Propagation Wave Resistivity (PWR) technology into the Enteq-XXT MWD technology platform. Once integrated, Enteq will assume responsibility for the sales and marketing of the tools in a number of key markets including Russia and China, leveraging its international sales and support network.
The PWR is a fully realized, tried, tested and trusted LWD technology, consistently meeting the data needs of Oil Companies globally for the last decade. The tool is designed with Enteq-XXT (Tensor) and Geolink compatibly in mind and offers a full range of sizes to meet all hole sizes and markets (3.5, 4.75, 6.75, 7.75, 8.25), including a unique slim tool for the Russian market.
"The PWR will enhance the existing XXT MWD product line allowing customers to add advanced LWD capabilities to their service portfolio,” stated Perry. “This capability will allow them to compete in more technically demanding global markets."
About Enteq Upstream PLC
Enteq Upstream PLC, a London Stock Exchange listed company (NTQ), has completed acquisitions in the MWD and directional drilling markets and is rapidly expanding through further organic development, entrance into new markets and partnerships. For more information, visit www.enteq.com.
SOURCE: Enteq Upstream PLC