Local drilling valve rental firm Drilltools Ltd is celebrating 10 years in business with the announcement of a major new contract.
Drilltools ltd was incorporated on February 4, 2014 and was originally based in Edinburgh with a workshop in Aberdeenshire. The company moved its head office to Inverurie in 2020.
Drilltools Ltd faced a number of challenges over the years as a new and burgeoning company, not least the pandemic and a cost-of-living crisis. However, in recent times the business has gone from strength to strength and has just secured a 12-month contract to supply 10 drilling flapper safety valves to a large offshore drilling operation in Miri, Malaysia.
Jeff Knight, Director at Drilltools Ltd
The offshore drilling project, set to commence in Q1 2024, represents a substantial opportunity for Drilltools Ltd to showcase its expertise and contribute to the success of a vital component of the energy sector. The company's state-of-the-art flapper valves are designed to meet the rigorous demands of offshore drilling, ensuring operational efficiency and safety in challenging environments.
Drilltools Director Jeff Knight expressed his gratitude for the support and trust of clients, partners, and the dedicated team that has been instrumental in the company's success. "Reaching our 10-year anniversary is a significant milestone for Drilltools Ltd. We are proud of what we have achieved and excited about the future. This new contract is a testament to the quality of our products and the trust our clients place in us”, he said.
As Drilltools Ltd looks to the future, the company remains committed to innovation, safety, and delivering unparalleled solutions to the oil and gas industry. The 10th-year celebration serves as a springboard for even greater accomplishments, solidifying Drilltools Ltd's position as a leader in the field.