CORETRAX AND LEE ENERGY SYSTEMS JOIN FORCES IN NEW PARTNERSHIP

A new partnership has been confirmed between global well integrity and production optimisation leader Coretrax, and downhole tool innovator Lee Energy Systems.

Designed to meet rising demand across the on- and offshore oil and gas exploration and production industries, the deal will also open up international growth opportunities in regions including the UK, Saudi Arabia, United Arab Emirates and Qatar.

Through the agreement, Coretrax will include LES’s tools – such as the Gator hydro-mechanical perforator and Speed Squeeze hydraulic straddle packer stimulation systems – as part of its engineering, project delivery and service offering.

“The success of projects we have supported while working with LES and its technologies encouraged us to further develop our relationship,” said John Fraser, Coretrax CEO.

“Reducing personnel and environmental risk, and rig runtime, while improving wider ESG performance are significant issues in on- and offshore E&P. Adding value in those key areas is a significant driver of this partnership with LES.

“While increasing the global availability and use of the collaborative engineering and equipment solutions we’ve developed, we will also work closely with LES team to pursue further innovation focused on delivering greater safety performance and efficiency.”