Offshore staff
EXETER, UK – Saudi Aramco Energy Ventures and London-based Calculus Capital have agreed to provide funding to Exeter,UK-based Antech.
The money will be channeled toward AnTech’s new directional coiled tubing drilling service (DCTD). The company aims to provide field-proven systems for operators seeking to improve efficiency and reduce costs.
DCTD can drill underbalanced with a smaller footprint, added managing director Toni Miszewski. “As a result, it is a very effective way to re-enter existing wellbores in order to increase recovery from mature fields, without affecting the environment or damaging the formation.”
6/28/2013
