Tendeka to Grow Presence in North, South American Market
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, announced Tuesday plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region.
By opening an office in Canada to directly supply the Canadian market and widening its South American oil and gas market with an increased presence Tendeka will supplement its swellable packer market with its innovative technologies and services that have already added value to client's wells in other regions around the world.
Since its inception in 2009 Tendeka has gone from strength to strength and is a global employer. With 18 regional bases strategically located in key energy hubs, the company is now set to expand further.
Tendeka is a major player in the North American swellable packers market and has supplied packers for use in conventional and unconventional applications in liquid shales including the Bakken, Eagleford, Utica, Niobrara and Permian developments. Tendeka also supplies monitoring, modelling and control systems and services that manage reservoir performance, enhance production and reduce downtime.
Ken Miller, Tendeka vice president of North and South America, said: "We have achieved over 200% top line growth over the last 24 months in our international markets including North America. Swellable packers remain an important part of our North American service offering, particularly to the fraccing market, but we have established that there is a demand for the full range of Tendeka products and services not just in North America but also in Canada and South America. Our recent contract wins for Cyclic Steam Stimulation monitoring, AICD in SAGD and software for reservoir interpretation are evidence of our increased market penetration in these regions.
"These systems combine to maximise output and efficiency from the reservoir," explained Miller. "We recently strengthened our position in Calgary; initial indications show that our assessment of the market conditions was correct and there is a strong demand for our wider systems offerings, especially in heavy oil operations. Brazil is also a key focus for us where we have recently established solid routes to market and been awarded seven figure contracts.
Tendeka's CEO Gary Smart said: "Our full portfolio of completions systems and services now includes: leading electronic gauge, distributed and wireless monitoring technologies, to monitor reservoir performance; modeling software, to provide reservoir interpretation and build scenarios; wireless intelligent completions systems, to control reservoir production; sand and inflow control devices, to control reservoir phase filtering; and swellable and mechanical packers, to provide effective zonal isolation. This suite of completions products and services are all industry proven and has been developed to add value to our clients wells through improved production."
Smart continued: "We are keen to explore the wider market opportunities for the whole range of Tendeka systems and services. Our focus on geographic growth will continue to allow us to bring our existing high value portfolio to clients in new territories as well as providing an established route to market for the new product innovations that are currently under development in our research bases in Europe and North America. The oil and gas industry is a challenging one and Tendeka seeks to positively impact our clients' profitability through the implementation of innovative completions systems and services."
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