SUSTAINING GROWTH IN THE EVOLVING ENERGY MARKET

The oil and gas sector is constantly changing, and this is particularly evident in recent years with the energy transition continuing to gather speed.

For Coretrax, this means adapting to our customers’ demands and finding solutions to new problems. Despite our ongoing growth, we have remained nimble and agile which allows us to respond quickly to market requirements.

Innovation has always been in Coretrax’s DNA and it is a key motive for our continued success. Our technologies have broken down the barriers of what was previously deemed possible, and as we continue to explore new concepts and applications, this ensures we remain at the forefront of well challenges. We continually invest in research and development and have created a culture to support a forward looking mindset.

In response to decarbonisation efforts, we have seen a significant rise in the deployment of our expandable tubular technology. Our solutions, such as the RelineMNS and RelineWL, are customised for integrity, recompletion and open hole applications and are proven to deliver a 700% larger flow area when compared to traditional straddles. As oil and gas continues to support global energy demands, this technology actively addresses operator challenges by unlocking greater commercial value, while saving critical rig time and ultimately reducing emissions.

Our product portfolio is not just limited to oil and gas, and we are already active in the growing geothermal and carbon capture and storage (CCS) sectors. We recently supported our first projects in these sustainable industries and see significant potential in the lower carbon sector to apply our technology. We are already seeing the results of this work with our DAV MX circulation sub, which was recently deployed in a geothermal well, and successfully cooled bottom hole temperature by almost 200o.

As Coretrax continues to engage with industry partners and customers, we are actively accelerating our path towards a more sustainable future by supporting lower carbon oil and gas production, while increasing our footprint in the fast-growing renewable market.