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11 Dec 2018 12:00
11 December 2018
Enteq Upstream plc
("Enteq" or the "Company")
New commercial collaboration
Enteq, the oilfield services technology and equipment supplier, announces a new commercial collaboration that will result in a launch of a new product.
The commercial collaboration is with QDC, an oilfield services technology company based in Houston, Texas. The integration of Enteq's well established firmware and electronics, for little incremental development cost to Enteq, with QDC's proven and respected orientation module, will create an innovative Integrated Measurement While Drilling Directional sensor which will become a competitive new product for both companies.
Martin Perry, CEO of Enteq Upstream plc, commented:
"The collaboration demonstrates Enteq's commitment to remain competitive and innovative through new product introductions from both internal engineering investment and partnerships."
For further information, please contact:
Enteq Upstream plc +44 (0)149 461 8739
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker) +44 (0)20 7597 5970
Chris Treneman, Patrick Robb, David Anderson
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