Deep Casing Tools in Norway Pact with NOV
- Business & Finance
Casing and completion technology business, Deep Casing Tools (DCT), has formed an alliance in Norway with National Oilwell Varco Completion Tools (NOV Completion Tools).
The agreement gives NOV Completion Tool’s Completions & Production Solutions Division access to DTC’s technology including its Turbocaser, Turborunner and MechLOK Drill Pipe Swivel.
NOV Completion Tools will be DCT’s service provider in Norway, initially under the guidance and training of DCT staff.
In turn, partnering with NOV, will open up new opportunities for Aberdeen-headquartered DCT.
David Stephenson, CEO of DCT, said: “We have been looking at key areas in which we want to expand and how to achieve that, we believe working with key partners in certain areas is the way forward.
“NOV Completion Tools has a good presence and is strong in Norway and has an excellent reputation.
“NOV Completion Tools is growing its completions division through a mixture of organic growth, acquisitions and by partnering with smaller technology companies and we are one of those smaller technology companies.
“Our companies are complementary, and we provide NOV Completion Tools with a differentiator and we benefit from the power and reputation of NOV Completion Tools. We have our turbine driven reamer tools and our lockable drill pipe swivel which can differentiate their product offering from the rest. We also have other tools coming through which may go commercial this year.
“It is quite possible that this initiative will be rolled out through other regions and perhaps lead to a stronger relationship with NOV Completion Tools.”