AnTech Ltd, a specialist engineering design and manufacturing company serving the international upstream oil and gas industries, reported that despite the global downturn, interest in its coiled tubing drilling capabilities and equipment was at an all time high at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition 2009 in Houston.
Positive CTD Results Trigger Interest
Operators were keen to hear about AnTech's successful field tests carried out last year. Of particular interest was an onshore well that AnTech drilled with its COLT bottom hole assembly for CTD in the Antrim shales of Michigan, USA on behalf of an independent service company.
CTD Offers an Alternative in Economic Downturn
The current economic climate is driving companies to re-think the way in which operations are carried out. With the prospect of reducing costs and increasing well productivity, CTD offers a solution. With specialist teams and a new generation of technology, operators recognize that the AnTech service provides them with a real differentiator.
Ramping Up to Meet Demand
AnTech management met with several major operators while attending ICoTA to discuss potential drilling operations. In preparation, AnTech is gearing up operations. "By drawing upon the team's experience and outstanding product design, we have achieved impressive results with the COLT. Our customers recognize that our solution offers real value," said Toni Miszewski, Managing Director of AnTech. "News of our success has travelled quickly. As a result, we are in live negotiations with several key operators. To ensure that we will be ready to mobilize rapidly, we're ramping up our business and working hard on other CTD products to meet specific customer needs. It's 'all systems go' at AnTech," he added.
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