Turbo-charged growth for Deep Casing Tools

Leading oil and gas technology development company, Deep Casing Tools (DCT), increased turnover by 120% in 2019 after strategic growth plans saw the company expand its headcount and footprint in key international regions.


In-line with global demand from oil and gas operators for innovative casing and completion technology, DCT increased its headcount by a fifth in 2019. It made a series of strategic appointments to manage this demand, including a Global Sales Manager, European Sales Manager, Sales Manager for the Middle East, and a Product Line Manager for Casing Recovery Systems, which forms part of the company's focus on the plug and abandonment (P&A) sector


The growth has been driven by a surge in demand for DCT's technology over the past 24 months, which saw it secure several major contracts with the world's leading operators. This includes signing a new five-year contract at the end of 2019 with Saudi Aramco to supply its TurbocaserTM and TurborunnerTM tools, a high-speed reaming system that enables drilling teams to land casings and intermediate liners at target depth.


DCT entered 2020 on a high, announcing it had signed an agreement with a national oil company with an initial annual value of up to $13 million for exploratory wells, which follows a successful tool trial with the operator in an exploration extended reach well.


The growing demand for its technology has seen DCT form an on-the-ground presence in key regions including Malaysia, Africa, Australia and Brazil through a series of strategic partnerships.


Further growth is expected throughout 2020 and beyond as the company focuses on the decommissioning market and the release of new technologies to meet the efficiency challenges operators face today.


David Stephenson, CEO at DCT, said: “2019 marked a stellar year for Deep Casing Tools as we scaled our business globally. Not only are we seeing the resurgence of domestic oil and gas markets, we are experiencing increased demand for our precision-engineered technology from international operators as drilling activity recovers.

“Significantly, last year we added new late life technologies to our portfolio and extended our expertise into plugging and abandonment. This burgening market will see our simple and innovative technologies transform operations in 2020 and beyond, making them more



predictable and reliable, thus substantially reducing the length of an operation and improving sustainability.


“Forming a key part of our growth strategy this year, we plan to develop and release new technologies to deliver operational efficiency and drive down costs for operators. We will continue to make on-the-ground partnerships in key international regions, allowing us to offer an increased level of customer service. 2020 is shaping up to be another exciting year of growth in revenue, territories, people and patents.”


Last year, DCT also entered into a unique partnership with the Oil & Gas Technology Centre (OGTC) and Total, which will see its Casing Cement Breaker™ tool trialled this year on wells in Total's Alwyn and Franklin fields. The technology is set to become fully commercial by the end of 2020.


The DCT technology suite also includes the Turbocaser™, Turborunner™, MechLOK Drill Pipe Swivel™, TD Pilot and Disposable PDM™, all of which have been developed to enable efficient well construction and completion.


For more information visit

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

Clean growth strategyOil and Gasoperatorsturnoverincreased productiongrowthbusiness growthTechnologyInternationalInternational Growth

More items from saffroncummings

UK Government announces £1.3m for Aberdeen underwater engineering hub

Trevor Garlick, Chair of Opportunity North East (ONE) Energy and the Global Underwater Hub, commented:  “For decades the North Sea oil and gas industry has been recognised as a pioneer in underwater technology, positioning the UK as the leader in the subsea engineering sector with 40 per cent of ...

Saffron Cummings

Posted 6 days agoPress > SubseaEngineering


Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, has secured a five-year contract with a global LNG producer for the provision of drone inspection, surveying and data visualization services.  The contract will see Cyberhawk fo ...

Saffron Cummings

Posted 1 month agoPress

OPITO launches new standard to create flexibility for oil and gas, and offshore wind workers

OPITO, the global skills organisation for the energy industry, has launched a new transition standard, designed to provide flexibility for workers to pursue opportunities in both the oil and gas, and offshore wind sectors. The new standard will enable learners to develop the skills and competenc ...

Saffron Cummings

Posted 1 month agoPress > OPITOOPITO Globaltraining +3

Deep Casing Tools continues its relationship with Shell Malaysia

Technology development company for the global energy sector, Deep Casing Tools (DCT), together with its regional partner for Asia Pac, EFTECH, has successfully ran 3 more of its Turborunner TM tools with Shell Sarawak, despite challenging conditions heightened by COVID-19. The scope of work, whi ...

Saffron Cummings

Posted 1 month agoPress

Lloyd’s Register Group announces sale of Energy business to Inspirit Capital

Global professional services organisation, Lloyd's Register Group (LR), today announced that it has entered into a definitive agreement to sell its Energy business unit to Inspirit Capital, a London-based investment firm focused on building long-term value. The agreement follows a comprehensive rev ...

Saffron Cummings

Posted 1 month agoPress
All posts from saffroncummings