Skip to main content

Coretrax acquires Churchill and has sights set on further growth

Published by
Oilfield Technology,


Coretrax, the specialist well construction and intervention company, has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy.

Aberdeen headquartered Coretrax, which supports global well construction, completion and plug and abandonment operations, has bases in the UK, Middle East and South East Asia and is planning entry into new regions.

It has acquired Churchill for an undisclosed sum and will integrate its extensive downhole product portfolio into a new group, with Churchill’s employees joining the Coretrax team. Churchill Drilling Tools launched in 2002 and is established as a high quality and innovative global drilling tools business with operational bases in Aberdeen, Houston and Dubai. Its extensive product range covers drilling, completion and plugging and abandonment (P&A) operations.

Kenny Murray, CEO of Coretrax said: “Churchill’s first-class technology, talented team and reputation for quality were a compelling draw for Coretrax as we push ahead with plans to widen our well construction and intervention offering and enter new global markets.

“We continue to grow organically with sizeable contract awards and renewals and are pursuing a robust strategy that will push us into new markets more aggressively including the US and Asia Pacific. Our Middle East operations are going from strength-to-strength and leveraging Churchill’s product range, footprint and team will further augment our presence in the region. All contracts and projects will continue as normal, but with the added benefit of access to additional products, services and expertise.”

Andy Churchill, founder of Churchill said: “We have always been proud to supply our technology to Coretrax and its clients and the association has always been a very strong one. The Coretrax reputation for innovation, quality and customer service is second to none and this development will bring huge opportunities.”

Coretrax secured a significant investment from private equity firm Buckthorn Partners last year to prepare for growth. Now employing 200 people, the company continues to invest heavily in developing technology and expanding its service and engineering capabilities.

A group structure will be formed, which will include Coretrax, Churchill and expandable tubular well solutions specialist Mohawk Energy, following its acquisition by Buckthorn Partners earlier this year.

Kenny Murray added: “We are developing a well construction and intervention group that offers a much broader integrity and production offering that will deliver tangible benefits to our global client base.”

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26112019/coretrax-acquires-churchill-and-has-sights-set-on-further-growth/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Upstream news Upstream drilling news Upstream project news