Tuesday, 09 October 2018 13:18

Coretrax climbs in the Middle East’s Top 30 Oilfield Companies

Coretrax has climbed a place in Oil and Gas Middle East’s prestigious list of the top 30 oilfield companies, moving up one position from 22 to 21.

The company, which has appeared on the list for the second consecutive year, was commended for its investment in South East Asia as well its success in securing a trio of well abandonment contracts with North Sea operators, including a three-year project with Spirit Energy.

Carla Sertin, editor of Oil and Gas Middle East editor: “As Oil & Gas Middle East tracked the oil and gas industry in the past year, we observed Coretrax’s continued expansion - including its $1.5mn investment in South East Asia, well abandonment contracts and new projects in the Middle East. These factors played a large role in Coretrax’s ranking on our list of the Top 30 Oilfield Services Companies 2018.”

Coretrax has had a strong half-year trading with more than £5 million of turnover recorded and is gearing up for further international growth.

Kenny Murray, managing director and founder of Coretrax said: “The business is continuing to experience growth, particularly in the Middle East, where we already have a strong presence in Saudi Arabia, the United Arab Emirates and Kuwait.

“Our improved ranking in this year’s list of top oilfield companies is down to our dedicated staff in the region who continue to deliver our bespoke technologies which offer cost and time efficiencies for challenging drilling operations.”

New onshore and offshore drilling and completions projects in the Middle East coupled with long-term contracts in Saudi Arabia continue to drive revenue for the business.

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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