Tuesday, 08 July 2014 16:03

Coretrax awarded Great Small Company accolade at Offshore Achievement Awards

The winner was announced at the annual awards ceremony, organised by The Society of Petroleum Engineers (SPE) Aberdeen Section, on Thursday March 20th at the Aberdeen Exhibition and Conference Centre with more than 500 energy industry professionals in attendance.

The Great Small Company Award recognises excellence in a small company, including successful creation and growth, clear strategic direction and strong product and service differentiation along with ambitious plans for the future success – both within the UK and internationally.

Coretrax was established in 2008 and offers a wide range of downhole tools and services with applications across the well life cycle, including wellbore clean-up and abandonment, to the global oil and gas industry.

This is the second Offshore Achievement Award for the company, which won the New Idea Award in 2012 for the development of its innovative technology, the Inflation Support Tool (IST), which has since been launched to market (late 2013) and is utilised by a number of operators during abandonment applications.

Kenny Murray, director and founder of Coretrax, said: "The entire team is honoured to have won this award; being recognised by our industry peers for our work is a very proud moment.

From just two employees in 2008, including myself, Coretrax now employs a team of 23. Everyone has worked tirelessly to deliver projects and surpass customer expectations and our people are most definitely the backbone of the company's success."

After outgrowing its premises late 2012, the company moved to a custom-built 25,000 sqft facility based in Gateway Business Park near Altens, which has the ability to accommodate 75 staff. In 2013 the company doubled both turnover and headcount, growing from a team of 12 to 23.

In February this year, Maven Capital Partners (Maven), announced a £3.5 million Scottish Loan Fund (SLF) investment in the oilfield service company.

Mr Murray continued: "I started the company with a clear vision as to how I wanted it to grow and develop and it has been really fulfilling to see Coretrax reach so many milestones these past six years.

This has been the most amazing first quarter of 2014, and an exciting time for Coretrax as we look to continue this momentum with our significant plans for growth in the coming months, including a recruitment campaign and our controlled, aggressive strategy for penetration of international energy markets."

Coretrax strives to supply the global oil industry with a bespoke and tailored service, providing up-to-date solutions to improve time efficiency, maximise cost reduction, reliability, damage prevention and technological advancement.

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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

26th Floor Menara Maxis, KLCC
50088 Kuala Lumpur
Malaysia

+603  2615 7967

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