Churchill Drilling Tools Invests £2.5 Million

Press Release
Wednesday, December 19, 2012

Drilling systems specialist Churchill Drilling Tools has announced a £2.5 million investment in its Aberdeen base to meet increasing global demand for its innovative technologies.
 


The company has invested in a number of units adjacent to its existing Crombie Road premises to create a 1.65-acre site, which will be upgraded over the next 3-4 years. The refurbishments will include research and development facilities, increased capacity for new product assembly and service lines and offices.



Aside from its £2.5 million Crombie Road investment, Churchill has also taken 3,500 square feet of office space in nearby Sinclair Road to provide administrative support. The offices were opened at the end of November.



The company has invested in its Aberdeen base at a time when it anticipates an increase in employee numbers in 2013 as it explores new opportunities in the UK and overseas. Churchill, which currently employs 30 people in Aberdeen, expects to add at least 10 additional staff to its workforce over the next 12 months.



Churchill has seen growing demand for its patented technologies, used by more than 50 operators worldwide.
 


The company’s SmartDart™ activation technology has been extensively deployed in the downhole drilling sector where its track record for reliability, speed and cost-effectiveness has been hailed by engineers, particularly in demanding environments such as high-pressure high temperature wells.



Director Mike Churchill said: “We have had outstanding success over the past year through a growing appreciation and application of our products and it is clear that demand is set to continue throughout 2013.”
 


“Our commitment to research and development has been a key factor in Churchill Drilling Tools’ success to date and it is important that we continue to invest in this area and continue a high level of innovation that brings new technology and products to market.”



“We are also committed to developing our global services and the significant investment we have made will drive forward our strategy for growth.”
 


Mr Churchill said increasing demand in Europe, North America, and the Middle East was helping the company as the industry’s leading independent providers of downhole valve technology.

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Technology

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Offshore Service Vessels Design Innovation

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market.

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Finance

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.8380 sec (1 req/sec)