Oilfield services provider Expro has entered into a definitive agreement to acquire well integrity and production optimization company Coretrax from an investment group led by Buckthorn Partners for $210 million.Subject to customary closing conditions and working capital adjustments…
Oil and gas well integrity and production optimization company Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.After completing the acquisition and expanding its offering…
Well integrity and production optimization company Coretrax said Wednesday it had recently collaborated with Lee Energy Systems to deliver a one-trip solution for an unnamed 'major' operator’s plugging and abandonment (P&A) campaign in the Central North Sea…
Well integrity and production optimization firm Coretrax, has marked the first deployment of its expandable liner technology in Norway since acquiring Mohawk Energy.'The move has allowed the business to deliver and deploy novel technology and specialist personnel from local bases…
UK-based well integrity and production optimization firm Coretrax said its ReLineWL expandable straddle has recently enabled a Gulf of Mexico operator to troubleshoot an inoperable safety valve, passing through a restriction that conventional straddles could not pass through…
Churchill Drilling Tools, Mohawk Energy, and Coretrax have teamed up to offer an integrated approach to well lifecycle integrity and production optimization.As previously reported, Coretrax acquired Churchill Drilling Tools in November 2019…
Well construction and intervention company Coretrax announced on Tuesday it has acquired Churchill Drilling Tools for an undisclosed sum as part of an ongoing growth and expansion strategy.Coretrax has been investing heavily in developing technology…
Confidently setting an environmental barrier for plugging and abandonment (P&A) operations has traditionally been limited to mechanical bridge plugs and inflatable devices. At a fraction of the cost of conventional tools, Coretrax, the wellbore clean-up and abandonment specialist…
Expandable tubular well solutions specialist Mohawk Energy said it has received an investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions.The Houston-based company provides expandable solutions in pursuit of well integrity…
Wellbore clean-up and abandonment specialist Coretrax said it is increasing its stock of its CX-Enviroplugs to meet demand for big bore cement plug placement.The company said eight CX-Enviroplugs have so far been run across Norwegian and UK plugging and abandonment (P&A) projects in the North Sea…
A North Sea operator saved more than £500,000 during a well abandonment campaign in the U.K. Continental Shelf with the help of independent wellbore clean-up and abandonment specialist Coretrax.Coretrax was selected to support the decommissioning…
Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm.The Society of Petroleum Engineers (SPE) Aberdeen Section revealed the 11 winners to an audience of more than 450 people…
Finalists for this year's Offshore Achievement Awards, hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, have been revealed today. The annual awards recognise the best talent, performance and innovation in the industry…
Coretrax, an engineered servicing company for wellbore clean up and abandonment, has radically expanded its Middle East presence by moving its Saudi Arabian operations into a 130,000sq ft facility in Dammam. 'We’ve worked hard to get…
Coretrax, leading engineered servicing company for wellbore clean and abandonment, has secured cost savings of nearly £10 million in rig time for UK operators. Focused on improving operational efficiencies and saving rig time in wellbore clean up and abandonment operations…
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