Thursday, 09 August 2018 13:08

Coretrax Set For Further Growth Following Strong Financial Performance

Coretrax, the independent wellbore clean up and abandonment specialist, is gearing up for further growth after a successful half-year trading with more than £5 million of turnover recorded so far.

The Aberdeen headquartered business has taken on 30 people in the last year and plans to recruit up to 20 by the end of the year across engineering, management and technical disciplines following new international contracts.

The company, which supports global drilling, completion and end-of-life operations, has also secured a trio of well abandonment contracts with North Sea operators including Spirit Energy. Coretrax will support the operator’s abandonment projects over three years deploying bespoke technologies to efficiently clear and plug wells.

Growth is being experienced across the Coretrax operational centres in the UK, Middle East and South East Asia, which opened earlier in 2018 following a £1 million investment in three Malaysian bases.

Kenny Murray, managing director and founder of Coretrax said: “Continuing to invest in our people and products whilst putting time and energy into tenders has contributed to a record performance so far this year. Our South East Asia operation has got off to a great start and we’ve already expanded the team to support our customers’ needs in the region.

“New onshore and offshore drilling and completions projects in the Middle East and long-term contracts in Saudi Arabia continue to drive revenue. Our high service quality sets us apart and results in repeat business from our loyal customer base and we are looking forward to taking on more people in the coming months who share that passion.”

The company is also supporting projects in the US and West Africa where it sees future market potential for its wellbore clean up technology and service offering.

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Find Us

Our Global Offices

Coretrax Global

Technology House
Moss Road
Gateway Business Park
Aberdeen, UK
AB12 3GQ

+44 (0)1224 872020

enquiries@coretrax.com

Coretrax ME Global FZE

Level 14,
Boulevard Plaza Tower 1,
Sheikh Mohammed Bin
Rashid Boulevard
Downtown Dubai,
PO Box 334036
Dubai, UAE

+44 +971 4 424 5065

MEenquiries@coretrax.com

Coretrax Saudi Arabia

c/o i-Energy
PO Box 7639
Dammam, 34325
Kingdom of Saudi Arabia

+966 (13) 833 0919

KSAenquiries@coretrax.com

Coretrax Malaysia

Office 230
Regus Troika
Lot 2-2 Level 2 Tower B, The Troika
19 Pesiaran KLCC
50450 Kuala Lumpur
Malaysia

+603  2178 6111

enquiries@coretrax.com

Coretrax Kuwait

c/o Alghanim Oil Gas Co.
PO Box 30, Souk Al-Dakhili
Al Rai Area
Kuwait

+965 247 29377/388

MEenquiries@coretrax.com