Deep Casing Tools Re-enters Canada
Aberdeen-based oil field technology firm Deep Casing Tools (DCT), which specialises in the design and manufacture of casing and completion tools, has agreed a pact with a Canadian distributor, ProTorque Connection Technologies (PTCT).
The partnership with ProTorque, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market, which historically was a successful region for the company.
Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity, took the decision pull out of the region.
Following investment from EV Private Equity earlier this year to reinvigorate the business and a steady increase in drilling in the region and the need for DCT’s tools, this partnership with ProTorque is part of the company’s growth strategy.
CEO of Deep Casing Tools, David Stephenson said: “The Canadian market has historically been a very strong one for us, but like many others, we were affected by the downturn, and had to close our office there. With the market starting to recover, now is a good time to partner with ProTorque – a trusted distributor whose services complement our own – to offer a strong proposition.
“This partnership will enable us to bring several exciting new solutions to market, which are currently in development and testing.”
President Owner of ProTorque, Landon McDonald added: “We are delighted to be partnering with Deep Casing Tools, a firm which has a proven track record with the Canadian market. As leaders in innovation and technology, ProTorque are committed to redefining tubular running service. Adding DCT’s technology to our service offering puts us in front of new clients and allows us to provide the best solution for our customers. We look forward to working with them to benefit both businesses.”
Deep Casing Tools offers a range of innovative tools designed to land casing and completions at target depth in oil and gas wells, providing significant cost and time efficiencies, as well as minimising risk.