UK-based Coretrax, a leader in wellbore clean-up and wellbore abandonment services, has opened an office in Abu Dhabi, marking its second base in the UAE and the fourth in the region, totalling a $2 million investment.

A team of four personnel work from the base, and this is expected to grow to 14 within the next 12 months as the company expands to another office and warehouse based in Mussafah, southwest of the city, in late 2015, said John Fraser, global business development director at Coretrax.

Coretrax, which offers a range of downhole tools and services with applications across the well life cycle, currently has bases in Saudi Arabia and Dubai, which have been operational for 24 and 12 months, respectively. The company also has a base in Erbil, Iraq and a team of 14 is currently employed across all Middle East bases.

Coretrax has announced the appointment of UAE based agent Samco to represent Coretrax in Abu Dhabi.

“Having a permanent local presence in Abu Dhabi allows us to continue to surpass client expectations by offering a superior service and enables us to build on our customer base. Having now opened four offices in the Middle East further underpins and confirms our commitment to expand our offering in the region,” said Fraser.

“Through our work in the Middle East, we have experienced real growth for Coretrax internationally, and we hope to maximise further opportunities by our appointment of Samco, who will act as a conduit for us in Abu Dhabi. We see Samco as a dynamic and forward thinking company, which aligns well with our team. We are confident that our agreement will be beneficial, and we anticipate a successful relationship,” he added.

Rolv Flaaten, CEO of Samco, said: “We are continually searching for the most innovative companies to represent and we are happy to be working with such a highly efficient company. We look forward to working with Coretrax and further building the company’s profile within the UAE by offering its pioneering wellbore clean products to our expanding client base.” – TradeArabia News Service