DOWNHOLE Products, the Portlethen-based leader in casing accessories and completion tools and designs, will launch The CaseBit, a new, advanced casing drilling bit at OTC in Houston next week.
The CaseBit is a joint development with parent company, Varel in America, and is a departure from the existing range of Downhole products.
Says a spokesperson: “The new casing bit incorporates patent pending features designed to ensure effective drilling and smooth drill-out for the following string.
“CaseBit tools are supported by the global service networks of both Varel International and Downhole Products. They are designed, selected and programmed based on propriety software modelling tools tempered by local experience worldwide.”
Said managing director, Ian Kirk: “We are really excited about this product because it gives us new opportunities in a market and us in a new direction.
“There’s an expanding marketplace for what we are doing.” T
he company recently increased its sales team by 22 per cent due to a significant upturn in business and increased sales worldwide.
The jobs, in sales and manufacturing, are located in the USA, Thailand, Dubai and Australia as well as at Portlethen.
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