Petroleum Africa
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Friday, May 13, 2011
Wireline Engineering has secured $2 million worth of international contracts in the last three months and completed first work in a number of new markets for the company, including Egypt and Nigeria.
The UK-headquartered company has won new contracts in Saudi Arabia, Iraq, Egypt, Nigeria, and Vietnam to provide its Roller Bogie technology for downhole operations in deviated oil and gas wells.
The company has also recently completed wireline runs with this technology in New Zealand, Thailand, Qatar, and the UAE for the first time.
Wireline Engineering’s Roller Bogie product line has become accepted by many operators and oilfield service companies as the industry standard solution for running wireline tools in challenging deviated well conditions.
Wireline Engineering is increasing its fleet of Roller Bogie tools and introducing additional supply points for faster mobilization and improved customer support in all regions to meet the increased international demand for its innovative technology.
The company plans to open new officez and engineering facilities in key international locations, most imminently Abu Dhabi, adding to current international bases in Malaysia, India, Egypt, and the US. Its internationalization plan also includes Brazil and West Africa, regions with significant potential for specialist wireline technologies.
Bill Petrie, managing director of Wireline Engineering, said: “We have won significant international contracts with a string of new and existing clients across Asia-Pacific, Africa, Europe and the Middle East.
“Our technology is performing well in the global marketplace and the Roller Bogie product line has become accepted not only in our domestic territory but also across a host of international markets. We have now won orders in over 60 countries, which is a tremendous achievement and testament to the adaptable nature of our products.
“Wireline Engineering has enjoyed rapid international expansion in recent years and we now look forward to a period of consolidation and growth that will see us opening new facilities and strengthening our sales teams globally. We are also investing heavily in the development of new downhole product lines that will add further value to both our domestic and international customers.”
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