Titan Torque Secures 3-Year Support Deal with Premier Oil

Titan Torque Services has secured a three-year contract to support the UK North Sea operations of Premier Oil. 

Aberdeen-based Titan will perform all bottomhole assembly make up and break out, and pressure testing work, in support of Premier's drilling program in a deal worth up to $775,000 (£500,000) over its term. 

The call-off contract, which carries two one-year extension options, will also involve the deployment of Titan's award-winning Drill Bit Protector. 

Keith Gaskin, Managing Director of Titan Torque, said, "We already provide services to many key North Sea players but this is our first contract with a major operator so it represents a significant breakthrough for us in our market. 

"Premier places a strong emphasis upon safety, environmental protection, technical proficiency and the use of the best people and equipment in all its operations, so this agreement is an endorsement of the approach we take to customer service. 

"We are ideally equipped to provide the fast, responsive and efficient service that it needs to support its forthcoming drilling activities. 

"Further, we are pleased to benefit from Premier's objective of using local businesses whenever possible in support of its operations – an approach can only be encouraging to the wider supply chain in the north-east of Scotland as Premier looks to develop its UK presence."