Oilfield technology firm secures £2.25m contract with operator in Saudi Arabia
ByMark Lammey
Chief executive David Stephenson and chairman Steve Kent of Deep Casing Tools
Oilfield technology firm Deep Casing Tools (DCT) said yesterday it had won a new contract worth about £2.25 million to supply equipment to an unspecified operator in Saudi Arabia.
DCT, which recently secured £3.75m worth of investment from EV Private Equity (EVPE), will provide turbine technology as part of a five year deal. The contract includes a one-year extension option.
The Aberdeen-based company has also won further orders with a major service provider and operator in the region to supply 15 tools over the coming months. I
