Three oil and gas technology firms have joined forces to offer the global oil and gas industry an integrated and boundary-pushing approach to well lifecycle integrity and production optimization.
Churchill Drilling Tools and U.S.-based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand on March 30, with a unified innovation offering designed to improve production performance and well intervention efficiencies.
Kenny Murray continues as CEO of Coretrax, which now employs 250 people globally across the U.K., Middle East, U.S. and South East Asia. John Fraser, formerly global business development director at Coretrax has been appointed COO. Former Mohawk Energy CEO Scott Benzie is now CTO at Coretrax.
Michael De-Rhune has joined the new leadership team as CFO. He was previously group CFO at Excellence Logging and has held senior financial roles with Bibby Offshore, CEONA and Subsea 7. The company has also strengthened its support services with key appointments across the business in HR, finance, global QHSE and integration.
“Oilfield challenges continue to grow in complexity and our mission is to push boundaries to support the industry with novel and advanced ways to tackle well integrity and production optimization,” Kenny Murray, CEO of Coretrax, said.
Coretrax now has a portfolio of over 50 technologies offered through three innovation platforms and plans to launch disruptive technologies to market this year. The company intends to reinvest more than 15% of revenues into R&D each year.
Churchill Drilling Tools was founded in 2002 with operations in the U.K., U.S. and Middle East. Mohawk Energy was formed in 2004 in Houston providing innovative tubular expansion technologies.
Aberdeen headquartered Coretrax has an extensive Middle East footprint including Saudi Arabia, Abu Dhabi, Doha and Qatar with other operations in Houston and Malaysia.
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