Enteq marks milestone year with SABER Tool success and global expansion

Enteq Technologies announced several major milestones in 2023, including the successful field trials and validation of its innovative Steer-At-Bit Enteq Rotary Tool (SABER Tool). Adding to this success, Enteq expanded its footprint with the opening of new facilities in Houston and Aberdeen. The company also completed the sale of its XXT MWD (measurement while drilling) intellectual property and made a number of strategic appointments.

Shortlisted for the Emerging Technology category at the 2023 Offshore Achievement Awards, SABER successfully drilled 100m in granite during field trials at the first stage of Enteq’s field trials programme in Norway, qualifying its capabilities. This was followed up with the next stage at Catoosa Drill Test Facility in Oklahoma, where an independent survey confirmed the tool had exceeded test objectives during extensive downhole drilling testing.

Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Enteq Technologies plc

More articles like this

Enteq Technologies plc

Addressing methane emissions for climate change

Methane gas stands as the second largest contributor to climate change, responsible for approximately a third of the current global warming due to human activities. Its potency is over 80 times greater than carbon dioxide in

Enteq Technologies plc

Eden Project achieves geothermal heating milestone

This winter marked a significant milestone for the UK as the Eden Project’s Biomes, offices, and new state-of-the-art plant nursery were heated by deep geothermal energy for the first time since 1986. The 5 km well,

Enteq Technologies plc

Harnessing Geothermal heat for a sustainable future

Beneath the Earth’s surface lies a largely untapped source of energy: geothermal heat. Jamie Beard, the executive director of Project InnerSpace, a nonprofit dedicated to accelerating geothermal power development, explains: “The core of our Earth is

Enteq Technologies plc

Enteq Technologies appoints Amir Absoud as Head of Finance

Enteq Technologies plc (LON:NTQ), the specialist energy services engineering and technology company, has announced the appointment of Amir Absoud as Head of Finance, on a contractual arrangement, who will commence his role on 24 May 2024, succeeding

Enteq Technologies plc

Hungary aims to double Geothermal Energy use by 2030

Hungary aims to double the amount of geothermal energy in its energy use by 2030 and the government is offering state-subsidised loans to mitigate investors’ risk in research, the Energy Affairs Ministry said on April 18.

Enteq Technologies plc

Understanding Methane Capture

Since the advent of the industrial revolution, man has continued to explore distinct ways of fulfilling energy needs. One of these techniques heavily relied upon is the extraction and burning of fossil fuels, an activity largely

Enteq Technologies plc

Enteq Technologies expects revenue of $900k for 2024

Enteq Technologies expects to report revenue of about $900,000 for the financial year ended 2024, down from $6.2 million posted for financial 2023. The company says this reflects its sale of the XXT business for about

Enteq Technologies plc

Unlocking the potential of Geothermal Energy in the US

A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous