March 8, 2018 (HOUSTON) – Rival Downhole Tools (Rival), a leading provider of best-in-class drilling and thru tubing motors and tools to the upstream oil and gas industry, today announces the launch of two of its proprietary products, Rival PDM and Rival FRT.
Rival PDM is a patented, performance drilling motor designed to exceed downhole performance and reliability requirements. Rival FRT is a patent pending downhole friction reduction system that creates axial movement along the drill string, increasing both the rate of penetration and the reach in drilling and completion operations.
“The timing is great for us,” said Neil Fletcher, CEO, Rival. “Ashmin has developed reliable downhole tools for over fifteen years and, as Rival, we'll take that expertise direct to our customers via our new product offering. We work in partnership with our customers, utilizing our sales, engineering and operational expertise to add sustainable value to their operations.”
About Rival Downhole Tools
Headquartered in Houston, Rival Downhole Tools rents, sells and services best-in-class drilling and thru tubing downhole tools to the upstream oil and gas industry. Founded in 2002 the company leverages its Ashmin legacy, an engineering firm focused on the creation of new technology, for licensing to service companies, rental tool suppliers, drilling contractors and E&P companies. For more information, visit rivaldt.com.
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