Downhole Tools International has rebranded as Pragma, marking a strategic shift toward the development and commercialisation of advanced well barrier technologies.
The move follows
recent investment from FrontRow Energy Technology Group and BGF (Business
Growth Fund) and signals a renewed focus on a three-tier well barrier portfolio
led by the M-Bubble metal expandable barrier system.
The company said it
is returning to its innovation-led origins while continuing to support existing
coil tubing, wireline, slickline and cable-deployed tool customers.
Under the Pragma
brand, the firm is investing in people, technology development and
international expansion, strengthening its position in well integrity, water
management and plug and abandonment solutions.
CEO David
Stephenson, appointed in late 2025, has overseen a strengthened leadership and
business development team.
Pragma is also
relaunching its PKB and IX plug technologies, while prioritising global
deployment of M-Bubble, particularly in the Middle East and Asia Pacific
regions sector.
David Stephenson, CEO, comments: “Rebranding as Pragma is about
more than a change of name - it’s about reaffirming our focus on well barrier
technology and the innovative approach upon which the business was founded. With
the support of FrontRow and BGF, we’re in a strong position to grow M-Bubble
whilst developing well technologies from concept through to commercial
deployment, as we help operators tackle increasingly complex well integrity and
water management issues.” -OGN/TradeArabia News Service