Enteq Upstream PLC New Product Releases
08 May 2019 - 8:05PM
RNS Non-Regulatory
TIDMNTQ
Enteq Upstream PLC
08 May 2019
8 May 2019
Enteq Upstream plc
("Enteq" or the "Company")
New product releases
Enteq, the oilfield services technology and equipment supplier,
is pleased to announce the commercial launch of three new products
at the Offshore Technology Conference in Houston, Texas being held
between 6 -9 May 2019.
PowerHop, with patents approved and in the process of final
grant, is an internally developed wireless downhole connection and
power system. Approximately $2m has been invested to date in the
development. PowerHop provides a unique solution for wireless power
and data connectivity between Measurement and Logging While
Drilling assemblies. In the $9bn directional drilling market,
efficiency of operation is a key driver for the use of
technology.
As a result of Enteq's technology collaborations, which involves
joint investment and revenue sharing, Enteq is also pleased to
announce the completion and release of the following two
collaborative projects.
FusionXT, developed in co-operation with a leading Texas based
sensor provider, incorporates a new combined Orientation Module
utilising Enteq's industry leading firmware for control and
reliability of the system.
Geotracker, providing an azimuthal propagation resistivity
sensor, located immediately behind the drill bit, enhancing the
ability to drill more accurately through geological formations is
combined with Enteq's control electronics, software and
firmware.
Full technical specifications of both the PowerHop and FusionXT
products are available for download on the Company's website at
http://www.enteq.com/introduce-powerhop
Enteq is confident that the new technologies continue to
differentiate and enhance the technical position of Enteq in order
to take advantage of North American or International business
opportunities.
For further information, please contact:
Enteq Upstream plc +44 (0)149 461 8739
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker) +44 (0)20 7597 5970
Chris Treneman, Patrick Robb, David Anderson
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END
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