Coretrax Sees Oilfield Services Success in North Sea

Aberdeen-based oilfield services firm Coretrax Technology Limited has secured over $1.9 million (GBP 1.2 million) of contracts since the start of the year and expanded its team to 12 people.

Coretrax specializes in innovative oilfield services to the completion, cementing, abandonment and wellbore clean up sectors both in the North Sea and globally. The contract wins are for projects in the North Sea utilising Coretrax’s innovative wellbore clean up tools and chemicals.

The team in Aberdeen has also expanded with the appointment of a new business development manager and offshore supervisor both bringing many years of oil industry experience to the company. Coretrax plans to recruit a further 6-8 new staff in 2012 including a second graduate in design engineering.

"We have had a really promising start to the year and I'm delighted with the new members who have joined the Coretrax team. Our focus this year is continual R&D to expand our range of products and services to provide solutions to operators with our team of engineers globally," said Kenny Murray, director and founder of Coretrax. "Our innovative approach to wellbore clean up has also led to successful projects globally and we are completing successful contracts in Africa, Middle East and Asia. We will continue to expand both internationally and in the North Sea with on-going recruitment and new premises this year."

Formed in 2008, Coretrax is a finalist in the "new idea" category of SPE's Offshore Achievement Awards taking place in Aberdeen this month. The company forecasts a turnover of $4.7 million (GBP $3 million) this year.


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