Coretrax Moves to New Purpose Built Facilities

Press Release
Tuesday, December 11, 2012
Ian Spence working on Coretrax SP High Strength String Magnet.

Aberdeen-based oilfield services firm, Coretrax, has moved to a new purpose built HQ with an investment of £2.4million into the office and workshop space.

Formed in 2008, the company had outgrown its previous offices in Altens, Aberdeen. The firm moved last month to accommodate its range of wellbore cleanup and abandonment tools and its growing team.  

The new 25,000sqft facility is named ‘Technology House’ and is based in Gateway Business Park near Altens.  The office will ensure the growing firm can focus on its recruitment plans – currently a team of 12 - with the new premises being able to accommodate 75 staff.

Kenny Murray, founder and director at Coretrax, said:  “We are delighted to have moved into our new HQ.  It was important our new premises could not only accommodate our growing team, but also have the space for our expanding range of tools that have received ongoing praise amongst the oil and gas industry.”

The announcement comes after Coretrax secured a £1million contract in Egypt for wellbore cleanup and fluids services for 24 wells in the region.  The company launched its wellbore chemical division earlier this year which works alongside the firm’s award winning range of wellbore clean-up tools to remove debris impacting on wellbore productivity.

“We are excited about 2013 and our growth in the North Sea but also globally.  We continue to place a strong focus on our technology with our abandonment services carrying the DNV accreditation which is vital for servicing our clients to the high standards that they expect.  We are in a strong position for continued expansion and the latest contract win in Egypt is testament to our team and innovative solutions we offer.”

The company won the prestigious ‘new idea’ category of SPE’s Offshore Achievement Awards this year.

Coretrax specializes in innovative oilfield services to the completion, cementing, abandonment and wellbore clean up sectors both in the North Sea and globally. 

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

People & Company News

MHI to Change Name of Group Company

Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

Petrobras P-66 Platform Module to Boost Production

The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter


Ensco plc Reports 3Q, 2014 Results

Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Offshore Floating Wind Farm Update

A consortium has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012.

Wärtsilä Propulsion Equipment for 2 Fishing Vessels

Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.


USCG Cutter Diligence Returns

The crew of Coast Guard Cutter Diligence returned to Wilmington following a 45-day patrol in the Caribbean Sea. While on patrol, Diligence served as the

Southern California Port Congestion

Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring

GAC Starts Hull Cleaning Op'ns in Oman

GAC EnvironHull hull cleaning operations using the brush-and-diver-free HullWiper system starting at the port of Sohar, just outside the Gulf of Hormuz. This


Southern California Port Congestion

Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring

Confidence High in UK Logistics Sector

The latest U.K. Logistics Confidence Index commissioned by Barclays and Moore Stephens reveals that confidence in the U.K. logistics sector remains high but more

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3653 sec (3 req/sec)