Deep Casing Tools Set to Make Comeback in Canada
Deep Casing Tools, the Aberdeen-based casing and completion technology business, has announced a new partnership with a Canadian distributor, ProTorque Connection Technologies (PTCT).
The partnership with PTCT, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market.
Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity, took the decision pull out of the region.
Following investment from EV Private Equity earlier this year to reinvigorate the business and a steady increase in drilling in the region and the need for DCT’s tools, this partnership with PTCT is part of the company’s growth strategy.
CEO of Deep Casing Tools, David Stephenson, said: “The Canadian market has historically been a very strong one for us, but like many others, we were affected by the downturn, and had to close our office there. With the market starting to recover, now is a good time to partner with PTCT – a trusted distributor whose services complement our own – to offer a strong proposition.
“This partnership will enable us to bring several exciting new solutions to market, which are currently in development and testing.”